Backward-looking expectations could be classified as a ________ theory.
A)proactive
B)reactive
C)first proactive then a reactive
D)None of the above.

Question

Quizplus · Accepted Answer

Backward-looking expectations focus on past events and trends and use them as a basis for predicting the future. This approach is reactive, as it assumes that historical patterns will continue into the future without taking into consideration external factors or changing circumstances. Therefore, the best choice is B, reactive.

Backward-Looking Expectations Could Be Classified as a ________ Theory