Which of the Following Steps Is Involved in Scenario Analysis

question 6

Multiple Choice

Which of the following steps is involved in scenario analysis?

• A) An intermediary presents each expert's forecast and assumptions to the others and allows the experts to revise their positions if they desire.
• B) Internal practices and procedures are examined and measured against the ways other successful organizations operate.
• C) Top-level managers estimate the human resource needs, and this information is then passed down to the lower-level managers.
• D) Once the forecast for future workforce needs is crystallized, line managers and human resource managers then work backward to identify key change points.

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Definitions:

Open Economy

An economy that allows for trading and financial transactions with other countries.

Investment

Refers to the purchase of goods that are not consumed today but are used in the future to create wealth, such as purchasing machinery for a factory.

Net Capital Outflow

The difference between domestic residents’ investments abroad and foreigners’ investments in the domestic economy.

Net Exports

The value of a country's exports minus the value of its imports, reflecting the balance of trade between a country and its trading partners.