Hilda,the manager of Happy Hounds Kennel,knows that the economy can greatly affect her level of business.She has developed a plan of action for each of the four possible economic outcomes that have been predicted for her geographic area over the next 4-6 years.Hilda's use of these strategies according to the state of the economy suggests that she
A)is facing a stable environment.
B)utilizes contingency planning.
C)focuses on efficient decisions.
D)engages in satisficing.
E)is an irrational decision maker.

Question

Quizplus · Accepted Answer

Hilda's use of a plan of action for each economic outcome shows that she is utilizing contingency planning, which involves preparing for multiple possible scenarios. This suggests that Hilda is aware of the potential for change in her environment and is taking proactive steps to minimize the impact on her business. It does not necessarily indicate a stable environment or a focus on efficiency, nor does it suggest that Hilda is making irrational decisions or engaging in satisficing.

Hilda,the Manager of Happy Hounds Kennel,knows That the Economy Can