Which of the Following Statements Accurately Brings Out the Difference

question 57

Multiple Choice

Which of the following statements accurately brings out the difference between top-down strategic planning and scenario planning?

• A) While in top-down strategic planning a top-down approach is used to develop strategies, in scenario planning a bottom-up approach is used.
• B) Scenario planning helps create strategic plans that are more flexible, and thus more effective, than those created through the more static strategic planning approach.
• C) While top-down strategic planning takes place at both the corporate and business levels of strategy, scenario planning takes place only at the corporate level.
• D) Top-down strategic planning addresses only pessimistic futures, whereas scenario planning addresses only optimistic futures.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws that governs all commercial transactions in the United States.

Nonbreaching Seller

A party in a sales contract who has fulfilled their obligations without any violation of the agreement terms.

Essential Purpose

The fundamental objective or main reason that something exists or is done.

Objective Standard

A legal standard based on what a reasonable person would believe or do under similar circumstances.