When the Acme Company delayed its investment in new information technology based on predictions of what was likely to happen in the future, the intensity of the anticipated event, its importance to the firm, and the time frame in which it was expected to occur, the firm was engaged in which component of the external environment?
A) Assessing
B) Scanning
C) Monitoring
D) Forecasting

Question

Quizplus · Accepted Answer

Delaying an investment based on predictions of future events involves forecasting, which is the process of using past and present data to predict future trends and events. Scanning involves identifying and gathering information about potential trends or events in the external environment, while monitoring involves tracking changes in the environment over time. Assessing involves evaluating the potential impact of external events on the organization.

When the Acme Company Delayed Its Investment in New Information