In the Context of Crisis Management in Organizations, Which of the Following

question 52

Multiple Choice

In the context of crisis management in organizations, which of the following is the second step in effectively managing a crisis?

• A) Identifying how the organization can respond to the same or a similar crisis if it were to happen again
• B) Identifying how the crisis can be avoided through proper preparation, risk assessment, and disaster prevention
• C) Crafting a plan that enables the organization to adequately identify and respond to the crisis
• D) Consulting with other local companies to establish a working relationship to survive and recover from the crisis

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Definitions:

Costs

The monetary value that must be paid or expended to obtain goods, services, or assets, encompassing a wide range of expenses in business.

Cost Of Goods Sold

The direct expenses incurred in making the goods a company sells.

Variable Cost

Costs that change in proportion to the level of production or sales activities in a company, such as raw materials and labor expenses.

Fixed Cost

Costs that remain constant in total regardless of changes in the level of production or sales over a certain period of time, such as rent, salaries, and insurance.