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.

Explain how budgets are used to help monitor the implementation of a project.

Explain what an organization is and identify its characteristics.

When organizing a meeting agenda, why is it a good idea to discuss old business before introducing new business? a. Discussing old business first will allow latecomers to be included in the more important discussion of new business. Ob. Talking about old business may end up taking longer than expected and should therefore come before taking up any new business. c. It makes sense to complete discussion and reach decisions about old business before tackling new business.

The first step to take when you consider making a major purchase is to decide (a) whether you need the product (b) whether you have enough money to buy the product (c) what make and model of the product you should buy (d) where the best place is to purchase the product.

Profits are a sign of a business exploiting its customers and workers. Profits are a sign that a firm has served its customers well. Pick one statement and defend it or critique it.

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