Which of the Following Is True of Contingency Planning

question 21

Multiple Choice

Which of the following is true of contingency planning?

• A) The senior manager spearheads this process but with input from the other levels of management.
• B) This kind of planning is done only by the middle managers.
• C) The middle management spearheads this process but with input from the first-line management.
• D) This kind of planning is done only by the first-line managers.

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Definitions:

Durable Equipment

Equipment that is designed for a long useful life, typically used in business, industrial, or medical settings.

Vertical Axis

In graph theory and visuals, the vertical axis is typically the y-axis, representing dependent variables or metrics that can be measured against the independent variables on the horizontal axis.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively defined as the percentage change in quantity demanded divided by the percentage change in price.

Equilibrium Values

The set of prices or quantities at which markets or economies reach a balance between supply and demand.