___ is a long-term version of contingency planning.
A) Forecasting.
B) Benchmarking.
C) Participation.
D) Scenario planning.
E) Flexible budgeting.

Question

Quizplus · Accepted Answer

Scenario planning is a long-term version of contingency planning. It involves considering various plausible scenarios and creating strategies for each scenario in advance, to prepare for any potential future events or changes. It is a proactive approach to risk management, as it helps organizations to anticipate and plan for different eventualities.

___ Is a Long-Term Version of Contingency Planning