Jake has been appointed as the new CEO of Zorv Inc., a multinational computer technology company. While formulating a new plan for the company under his management, Jake uses mathematical models and statistical analysis of past data and surveys to predict potential problems and opportunities in the near future. Jake's method of predicting the future best reflects __________.
A) scenario planning
B) contingency planning
C) quantitative forecasting
D) qualitative forecasting

Question

Quizplus · Accepted Answer

Jake's method involves using mathematical models and statistical analysis of past data and surveys, which aligns with quantitative forecasting. Scenario planning involves creating multiple scenarios to plan for potential future situations, while contingency planning involves preparing for unexpected events. Qualitative forecasting involves using expert opinions and subjective judgments rather than numerical data.

Jake Has Been Appointed as the New CEO of Zorv