The Method for Predicting How Variables Will Change in the Future

question 59

Multiple Choice

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

• A) Budgeting.
• B) Scenario development.
• C) Forecasting.
• D) Benchmarking.
• E) Environmental scanning.

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Definitions:

Electronic Communication

The transfer of information between individuals or groups through electronic devices such as computers, phones, and the internet.

Global Network

A worldwide interconnected group or system, often referring to businesses, computers, or communications, that operates or communicates across borders.

Disturbances

Interruptions or disruptions to the normal or expected state of things, often causing chaos or unrest.

Formal Networks

The transmission of messages established and approved by the organizational hierarchy.