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:

Purchase Requisition

An internal document used within an organization to request the purchase of goods or services, which, upon approval, becomes part of the official procurement process.

Invoice Approval

The process of reviewing and authorizing payment for an invoice, ensuring the services or products billed for have been received and match contract terms.

Vendor

A business or individual that supplies goods or services to another entity, typically in exchange for payment.

Payee

The participant in a financial operation who receives the money.