Identifying Possible Future Situations and Plans for Dealing with Them

question 44

Multiple Choice

Identifying possible future situations and plans for dealing with them is called __________.*

• A) contingency planning
• B) forecasting
• C) scenario planning
• D) budgeting

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Definitions:

Insurance Companies

Businesses that provide protection against financial losses in exchange for regular payments from individuals or entities.

Product Marketing Decisions

Choices and strategies related to the promotion, distribution, design, and pricing of products to maximize their appeal to customers.

Investment Banker

A professional who deals with raising capital, trading securities, and managing corporate mergers and acquisitions.

Long Range

Pertaining to planning or forecasting far into the future, often involving periods of several years or more.