If There Is Considerable Uncertainty Surrounding the Likely Value of an Input

question 13

Multiple Choice

If there is considerable uncertainty surrounding the likely value of an input variable for a financial model,one should use a

• A)stochastic model
• B)hyperbolic model
• C)deterministic model
• D)double-entry model

---

Definitions:

Organizational Environment

The set of external and internal factors that influence an organization's operations, including economic, technological, sociocultural, and legal elements, among others.

Horizontal Alignment

The coordination and integration of strategies, processes, and activities across different departments or functional areas within an organization.

Workforce Forecasting

The process of predicting an organization’s future employment needs in order to help ensure that it has the right number of workers with the right skills at the right time.

Strategic Planning

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.