Scenarios

question 88

Multiple Choice

Scenarios

• A) have the objective of envisioning possible futures that might lie outside their traditional frame of reference.
• B) are based on stories about possible futures that are presented to line managers by the strategic planners.
• C) extrapolate from past data to make predictions.
• D) are the basis for creating a company's vision statement.
• E) are focused on competitors' actions.

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Definitions:

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested in the business.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.

Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders, not considered when calculating earnings per share or dividend distributions.