The Method for Predicting How Variables Will Change the Future

question 49

Multiple Choice

The method for predicting how variables will change the future is called

• A)budgeting.
• B)scenario development.
• C)forecasting.
• D)benchmarking.
• E)environmental scanning.

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Definitions:

Accounts Receivable

The outstanding invoices a company has or the money the company is owed from its clients.

Voucher

A document or code that entitles the holder to a discount or that may be exchanged for goods or services.

Installments

Payments divided into smaller, manageable parts over a set period, allowing for the purchase of goods or repayment of loans.

Truth in Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.