Which of the Following Statements Is True Regarding Scenario Planning

question 92

Multiple Choice

Which of the following statements is true regarding scenario planning?

• A)This method involves extrapolating historical sales data into the future.
• B)It can be used only when a lot of data is available for analysis.
• C)This method involves creating alternative scenarios of the future.
• D)It is useful when many nonquantifiable factors affect outcomes in the market.

---

Definitions:

New Public Management

A management philosophy used by governments since the 1980s to modernize and render public service more efficient by adopting private sector management practices.

Centralization

The concentration of control, authority, or decision-making power in a central group or location, often at the higher levels of an organization or government.

Privatization

The transfer of ownership of property or businesses from the government to private individuals or organizations.

Deregulating Labor Law

The process of reducing government rules controlling how businesses can manage workers, aimed at making labor markets more flexible.