In the Traditional Approach to Planning,planning Is Done Entirely by Top-Level

question 8

Multiple Choice

In the traditional approach to planning,planning is done entirely by top-level managers who are often assisted by ________.

• A)business-level managers
• B)functional-level managers
• C)a group of planning specialists
• D)external business consultants

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Definitions:

Projection Model

An analytical tool used to forecast future events or trends based on current or historical data.

Scenario Forecast

A methodology used to anticipate future conditions or developments based on a set of possible scenarios.

Delphi Technique

A structured communication technique, often used in forecasting, which relies on a panel of experts answering questionnaires in two or more rounds to converge towards a consensus answer.

Simulation

A method used to create a simplified model of reality to explore potential outcomes and dynamics.