Scenario Analysis Is a Statistics-Based Behavioral Approach That Applies Predetermined

question 98

True/False

Scenario analysis is a statistics-based behavioral approach that applies predetermined probability distributions and random numbers to estimate risky outcomes.

---

Definitions:

NFC (Near Field Communication)

A set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within close proximity.

VR (Virtual Reality)

A simulated experience that can be similar to or completely different from the real world, often using specialized equipment like headsets for immersive interaction.

Cruising Experience

The overall enjoyment and satisfaction a person gains from traveling on a cruise ship, which may include amenities, destinations, and onboard activities.

Customer Power

The influence that customers have over a business or market, often demonstrated through their ability to drive trends, decide the success of products or services, and command attention to their needs and preferences.