Into the Future Imagine That You Are a Manager in the Construction Industry

question 73

Multiple Choice

Into the Future
Imagine that you are a manager in the construction industry in Perth, Australia.Recently, Perth has been experiencing rapid growth, bringing with it increased demand for construction and increased competition.Furthermore, the increasingly conservative Western Australian state political environment has been easing restrictions on public land use and, in general, been very friendly toward most businesses.However, there is an election coming up that could change these relations and the economy could change rapidly, strongly affecting the construction industry.You are trying to forecast the future to decide what directions the company should pursue.
-Refer to Into the Future (Scenario) .As manager, your screening of large amounts of information in order to detect emerging trends in the construction industry and create scenarios is known as ________.

• A)competitor intelligence
• B)customer evaluation
• C)econometric models
• D)environmental scanning
• E)time-series analysis

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Definitions:

Tombstones

Durable markers, typically made of stone, used to indicate the burial site of a deceased individual.

Memento Mori

Any reminder of death.

Epitaph

An inscription, often on a gravestone, in memory of a deceased person.

American Cemetery

A burial ground in the United States, which may refer to any cemetery within the country or those specifically for American military personnel.