____ planning is the process by which managers identify alternative courses of action that the organization might follow if various conditions arise.
A) Strategic
B) Standard
C) Contingency
D) Integrative
E) Goal optimization

Question

Quizplus · Accepted Answer

Contingency planning is specifically designed to deal with unexpected events and unexpected changes in the marketplace. It involves identifying the most likely “contingencies”  (unexpected events ) and creating specific strategies to deal with each contingency. Contingency planning is an important part of strategic planning as it prepares the organization to deal with unexpected events and change.

____ Planning Is the Process by Which Managers Identify Alternative