As managers plan for the future, it is important to handle unexpected circumstances. By developing backup plans with alternative courses of action defined in case conditions change, managers are conducting ________ planning.
A. long-term
B. scenario
C. single-use
D. short-term
E. rolling
Answer: B
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Which term refers to qualifications that must be available or fulfilled before a sale can be closed?
A) purchasing goals B) product configurations C) sales satisficers D) value components E) buying conditions
Resources to pay interest on tax-supported bond issues are generally accumulated in special revenue funds.
Answer the following statement true (T) or false (F)
In regression analysis, if the independent variable is measured in pounds, the dependent variable
a. must also be in pounds b. must be in some unit of weight c. cannot be in pounds d. can be any units
Hudson Valley Distributors wants to be sure it has 10,000 cases of Beaujolais Nouveau to sell next November. In January, they enters into an agreement to buy the wine at a price of 34.62 euros to the case
Payment will be due at the end of November. They expect to sell the wine to restaurants and retailers for $63 per case. Hudson Valley has hedged its foreign exchange risk by entering into a forward contract to purchase euros in November at $1.30/euro. If the spot exchange rate at the end of November is $1.35/euro, Hudson Valley's gross profit will be A) $283,800. B) $138,415. C) $162,630. D) $179,940.