Why do some experienced planners argue against labeling one planning scenario as "most likely" or "probable"?
A. Because it is better to assess more precise probabilities in contingencies
B. Because it does not provide a quantitative basis for differentiating this scenario from "optimistic, surprise–free, and pessimistic" labels
C. Because futurists have concluded that unlabeled scenarios are always better
D. Because program planners tend to develop strategy only for the most likely contingency
E. Because developing contingencies that have a low probability of happening is viewed by management as a waste of time.
D
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Standard text markets can cost as much as $1 million; simulated test markets cost less than 10 percent as much
Indicate whether the statement is true or false
What is the payback period for a project with an initial investment of $180,000 that provides an
annual cash inflow of $40,000 for the first three years and $25,000 per year for years four and five, and $50,000 per year for years six through eight ? A) 5.80 years B) 5.59 years C) 5.20 years D) 5.40 years