Contingency Planning Seeks to Identify How a Company Will Respond

question 31

True/False

Contingency planning seeks to identify how a company will respond to change.

---

Definitions:

External Costs

Costs that are not borne by the parties involved in an economic transaction but are imposed on others outside of the transaction.

Air Pollution Control System

Technologies and measures designed to reduce or eliminate the emission of pollutants into the atmosphere.

Operating a Car

The act of controlling and managing the functions and movement of a motor vehicle.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.