The Objective of Scenario Building Is to Force Executives to Question

question 26

True/False

The objective of scenario building is to force executives to question their assumptions about the environments in which the company operates and incorporate into their planning the uncertainties that might profoundly affect their strategic and operational performance around the world.

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Definitions:

Data Tables

Structures in software and databases designed to organize, store, and manage data in rows and columns for easy retrieval and analysis.

TIMEVALUE Function

A function in spreadsheet software that converts a time in the form of text to a serial number representing the time in the software's date-time code.

TODAY() Function

A programming and spreadsheet function that returns the current date, widely used in data analysis, time-sensitive calculations, and reporting.

MROUND

A function in Excel that rounds a number to the nearest multiple of a specified value.