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The global economy is becoming more integrated.The potential business impacts of this include:


A) Entry-level and unskilled positions are requiring a growing level of education
B) Information flows from front-office workers to higher management for analysis.Thus,in the future,fewer mid-level managers are going to be needed,a trend that is set to flatten the corporate pyramid
C) Downsizing,restructuring,reorganisation,outsourcing and layoffs are going to continue as typical large organisations struggle to reinvent and restructure themselves for greater flexibility
D) All of the answers are correct

E) A) and B)
F) A) and C)

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Organisations anticipate,forecast and assess future events using a variety of rational,scientific methods including:


A) Trend analysis
B) Trend monitoring
C) Trend projection
D) All of the answers are correct

E) A) and D)
F) B) and D)

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Organisations carefully watch trends for reasons including:


A) Scan the environment for potential threats and risks
B) Organisations must understand everything inside and outside their industry
C) Organisations need to make every effort to forecast the future
D) All of the answers are correct

E) A) and B)
F) A) and C)

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List and define the five different scientific methods organisations use to anticipate,forecast and assess future events.

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Answered by ExamLex AI

Answered by ExamLex AI

1. Trend Analysis: This method involves ...

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Which of the following is becoming one of the world's most precious commodities?


A) e-Business
B) Energy
C) Currency
D) Time

E) None of the above
F) B) and D)

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The global economy is becoming more ___________.

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All of today's technical knowledge is going to represent only __________ per cent of the knowledge that is set to be available in 2050.

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The world's population will double in the next 20 years.

A) True
B) False

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All of the following are scientific methods organisations use to anticipate,forecast and assess the future,except:


A) Computer simulation
B) Historical analysis
C) Trend analysis
D) Trend simulation

E) B) and C)
F) C) and D)

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What is historical analysis?


A) When numerical data is available,a trend can be plotted to display changes through time and into the future
B) A trend is examined to identify its nature,causes,speed of development and potential impacts
C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
D) Historical events are studied to anticipate the outcome of current developments

E) None of the above
F) B) and D)

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