Which of the Following Is Correct About Scenario Analyses

question 13

Multiple Choice

Which of the following is correct about scenario analyses?

• A) The objective of the process is to forecast the future.
• B) The process extrapolates from past data to build scenarios for guiding decision making.
• C) Managers develop best-case, worst-case, and most likely scenarios to guide decision making.
• D) All of the above are correct.
• E) None of A, B, or C is correct.

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Definitions:

Stroop Interference

A phenomenon that demonstrates the conflict between different information that the brain receives, affecting task performance, such as naming the color of a word when the word itself is a different color.

Cognitive Psychologists

Specialists who study mental processes including perception, thinking, memory, and problem-solving.

Mental Filtering

A cognitive bias that involves focusing exclusively on negative details and ignoring positive ones.

Conscious Awareness

The human ability to be fully cognizant of one’s thoughts, feelings, and surroundings, enabling a sense of self and the environment.