What are scenarios used for, and how can analyzing scenarios assist managers in decision making?
What will be an ideal response?
A scenario allows you to build a what-if analysis model that includes variable cells linked by one or more formulas or functions. By running the scenarios, you have the ability to compare multiple variables and their combined effects on the various calculated outcomes. Managers can use scenarios to view best-case, worst-case, and most-likely scenarios in order to make decisions and solve problems.
Scenarios can be most beneficial whenmultiple variables are used. Through the use of Goal Seek and data tables, you cananalyze the effects on various calculations when inputting one or two variables. Scenarios can be used to evaluate one, two, or many variables.
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What is the best definition of privileged information?
a. Any documents or other material evidence that both parties are privileged to examine. b. Any documents or other material evidence that, while otherwise defined by a discovery motion, may be withheld from evidence due to the nature of the material. c. Any documents or other material evidence that have been identified in a legally obtained electronic discovery order. d. Any documents prepared by an attorney.
During a particularly contentious lawsuit between the government and tobacco companies, the goverment demanded all documents from research and development that may have information proving that the tobacco companies artificially enhanced the addictive characteristics of their product. Attorneys for the companies tried to quash this demand, saying that the search would not reveal just the
evidentiary materials, but other documents not related to the case that were protected intellectual property. What approach can the judge take to make sure both sides get a fair shake? a. There is no level of protection enjoyed by the tobacco companies here. Their research is part of the problem and therefore they must make all documents available. b. The judge can order the tobacco companies to make their legal team available while the government counsel sorts through the documents looking for what they need. c. The judge can appoint an independent team of examiners, called a taint team, to sort through the documentation and identify what is protected material and what is not. d. By law, research materials are protected as intellectual property and therefore not available to the government.