_____ Attempts to Provide Management with Accurate Forecasts of Trends

question 38

Multiple Choice

_____ attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations.

• A) Environmental scanning
• B) Functional scanning
• C) Tactical scanning
• D) Operational scanning

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Definitions:

Nonlinear

Nonlinear describes processes or relationships that do not follow a straight line or proportionality, showing complex dependencies.

Contingent Decisions

Decisions made based on the specific conditions or circumstances prevailing at the time, rather than following a strict policy or guideline.

Decision Rules

Guidelines or criteria used to choose among alternatives in the decision-making process.

Conditions of Risk

Circumstances or factors that increase the probability of loss or danger in a given situation or environment.