A Danger of Forecasting Discussed in the Text Is That

question 99

Multiple Choice

A danger of forecasting discussed in the text is that

• A) in most cases, the expense of collecting the necessary data exceeds the benefit.
• B) the retrospective nature of forecasting provides little information about the future.
• C) it can create legal problems for the firm if regulators discover the company is making forecasts.
• D) managers may view uncertainty as black and white while ignoring important gray areas.

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Definitions:

Organization Impact

Pertains to the effect that an organization's actions have on its stakeholders, including employees, customers, communities, and the environment.

Intrapreneurship

The practice of fostering entrepreneurial behavior within a large organization to develop new products or technologies.

Command and Control

A hierarchical organizational structure and management style where decisions and directives come from the top and are implemented without questioning by lower levels of the organization.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.