A primary purpose of developing multiple plans or budgets based on a variety of future scenarios would be to:
A) Predict the future as accurately as possible.
B) Demonstrate how differently the organization would be affected and respond to a variety of potential forces.
C) Make the organization attractive to a greater variety of investors.
D) Accelerate growth of the organization over time.

Question

Quizplus · Accepted Answer

Developing multiple plans or budgets based on various future scenarios allows an organization to understand and prepare for how different situations could impact it, enabling more effective responses to a range of potential challenges or opportunities. This approach is about flexibility and preparedness rather than prediction, attractiveness to investors, or direct growth acceleration.

A Primary Purpose of Developing Multiple Plans or Budgets Based