What element of management is being utilized when using computer forecasts to determine possible outcomes of an intended change?
A) Strategy formulation
B) Goal setting
C) Crisis management
D) Contingency planning
E) Related diversification

Question

Quizplus · Accepted Answer

Contingency planning involves preparing for potential future events and creating plans to mitigate the impact of those events. Using computer forecasts to determine possible outcomes of an intended change is an example of contingency planning.

What Element of Management Is Being Utilized When Using Computer