Scenario Planning Typically Begins with Managers

question 10

Multiple Choice

Scenario planning typically begins with managers

• A) developing different strategic plans to address possible future scenarios.
• B) building a portfolio of future strategic options.
• C) executing a dominant strategic plan.
• D) brainstorming to identify multiple plausible futures.

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Definitions:

Minimum Wage

The lowest legal amount that an employer can pay their workers, established by law or contract to ensure a minimum standard of living for employees.

Unskilled Workers

are laborers who lack specialized training or qualifications, often performing manual or routine tasks.

Employment

The condition of having paid work; the relationship between an employer and an individual who is compensated for performing specified tasks or services.

Government Subsidy

Financial assistance provided by the government to individuals, organizations, or industries to support certain activities or reduce costs.