The Scenario Approach to Strategic Planning Involves

question 72

Multiple Choice

The scenario approach to strategic planning involves:

• A) devising plans for coping with a number of different possible future states of the world.
• B) designing the best organization structure and the best culture and control systems to put a chosen strategy into action.
• C) functional managers setting key corporate objectives.
• D) anticipating the reoccurrence of problems that were previously encountered and designing solutions accordingly.
• E) designing plans for problems that the company believes it will most certainly face in the near future.

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Definitions:

Round Lots

Standardized number of units of a financial instrument, usually 100 shares for stocks.

Per Share

A financial metric that represents some quantity divided by the total number of outstanding shares of a company, often used in financial ratios.

First-day Returns

The percentage change in price of a stock or other security from its offering price on its first day of public trading.

SIPC

SIPC stands for the Securities Investor Protection Corporation, which is a nonprofit organization that insures investors' securities and cash in the event a brokerage firm goes bankrupt or faces financial difficulties.