. The process of deciding what action should be taken in the future is: A. forecasting. B. budgeting. C. planning. D. financial accounting.

_________is a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.Economic planningb.Financial planningc.Strategic planningd.Physical planning

The generation of multiple forecasts of future conditions followed by an analysis of how to respond effectively to each of those conditions is _____.Multiple choice question.conditional planninganalyzingscenario planningforecasting

Studying the future and arranging the means for dealing with it is part of the process of A. planning B. controlling C. commanding D. organising

Forecasting is all of the following except:Question 6Select one:a.an exact science on what to expect for the future.b.a predictor of future needs on the basis of historical data, present conditions, and assured future.c.a very important managerial function.d.a control for staffing, purchasing, and production decisions.

This is the real point of decision making. Identify the step of the planning process highlighted in the above statement.Setting objectivesIdentifying alternative courses of actionSelecting an alternativeFollow-up action