Recent Posts  •  Latest Topics  •  Unresolved Questions
  
  
Top Posters
Since Sunday
21
A
8
7
w
6
R
5
o
5
A
5
t
5
m
5
t
5
h
5
S
5
Home Q & A Board Other Fields Homework Help Business
New Topic  
fatsoulmh fatsoulmh
wrote...
Go to Answer
Posts: 23
Rep: 0 0
3 weeks ago
Because it can be difficult to predict long-term revenue and cost accurately, managers can use ________ to identify several ways events could unfold and how to budget for each of those potential outcomes.

▸ factoring

▸ leveraging

▸ bottom-up budgeting

▸ zero-based budgeting

▸ scenario planning
Textbook 
Business in Action

Business in Action


Edition: 9th
Authors:
Read 9 times
1 Reply
Replies
Answer verified by a subject expert
shindh02shindh02
wrote...
#1
Posts: 16
Rep: 0 0
3 weeks ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
scenario planning

Volatile and uncertain situations can make conventional forecasting a dicey proposition because planners often can't make solid assumptions about major factors in their forecasting models. A useful approach in these circumstances is scenario planning, in which managers identify two or more possible ways that events and scenarios could unfold and have a budgetary response ready for each one. Scenario planning is particularly valuable for long-range planning because the longer the time frame, the harder it is to pin down revenues and costs with any degree of accuracy.
1

Related Topics

fatsoulmh
wrote...
Posts: 23
Credits: 10

3 weeks ago
Thanks
cipcal
wrote...
Posts: 71
Credits: 40

Yesterday
Thank you, thank you, thank you!
Gorgio_De
wrote...
Posts: 79
Credits: 30

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  80 People Browsing
 225 Signed Up Today
Start New Topic Take the Tour Study Tips Topics TrendingNew Browse by Textbook
Related Images
 177
 119
 127
Your Opinion
Previous poll results: What's your favorite math subject?