Which of the following refers to contingency planning?
A) Planning that is specifically concerned with the formulation of a company's budget
B) Planning that is concerned with what to do if the original plans do not work out
C) Planning that is primarily concerned with setting a mission statement
D) Planning that is primarily concerned with dealing effectively with whistle-blowers

Question

Quizplus · Accepted Answer

Contingency planning is specifically concerned with identifying potential problems or crises and developing strategies to address them if they occur. It is a form of risk management that allows organizations to be better prepared for unexpected events or changes in circumstances.

Which of the Following Refers to Contingency Planning