Royal Dutch/Shell Uses Scenario Planning to Explore What the Company

question 193

Multiple Choice

Royal Dutch/Shell uses scenario planning to explore what the company would do if and when its oil supplies run out. For Royal Dutch/Shell, the benefits of scenario planning include which of the following?

• A) It helps the organization to plan ahead to make major adjustments in strategies and operations.
• B) It conditions the company's executives to think.
• C) It enables the company to be better prepared than competitors for future shocks.
• D) all of the above
• E) none of the above

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Definitions:

Real GDP

The total value of all goods and services produced by a country adjusted for inflation, providing a more accurate measure of economic output over time.

Intermediate Goods

Products that are used as inputs in the production of other goods or services and are not final products themselves.

GDP

Gross Domestic Product (GDP) measures the total monetary value of all goods and services produced over a specific time period within a country's borders.

Social Security

A government program that provides financial assistance to individuals during retirement, disability, or upon the occurrence of other social risks.