Contingency planning involves a. identifying aspects of a business that require changes in organization in three to five years' time. b. developing plans for future growth. c. developing plans for a business should there be a sudden decrease in revenue or increase in expenses. Incorrect d. an organization's methods for dealing with emergencies. e. identifying aspects of a business or its environment that might entail changes in strategy.
Contingency planning involves a. identifying aspects of a business that require changes in organization in three to five years' time. b. developing plans for future growth. c. developing plans for a business should there be a sudden decrease in revenue or increase in expenses. Incorrect d. an organization's methods for dealing with emergencies. e. identifying aspects of a business or its environment that might entail changes in strategy.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Contingency planning involves
a. identifying aspects of a business that require changes in organization in three to five years' time.
b. developing plans for future growth.
c. developing plans for a business should there be a sudden decrease in revenue or increase in expenses. Incorrect
d. an organization's methods for dealing with emergencies.
e. identifying aspects of a business or its environment that might entail changes in strategy.
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