Which of the Following Statements Is True of Contingency Planning

question 145

Multiple Choice

Which of the following statements is true of contingency planning?

• A) It involves planning for a five-year time frame.
• B) It solely considers factors of the internal business environment.
• C) It focuses solely on the issues that are most probable, most potentially harmful, or both.
• D) It applies tactical plans to daily, weekly, and monthly operations.

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Definitions:

Effect Size

A measure that quantifies the strength of the relationship between two variables.

Null Hypothesis

A statement suggesting that there is no significant effect or difference in a given population, serving as a starting assumption for statistical significance testing.

Internal Growth Rate

The maximum rate at which a company can expand using only internally generated financing without resorting to external financing.