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An Example of Contingency Planning Is When Shell Oil Generated

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An example of contingency planning is when shell oil generated multiple scenarios about conditions in the world oil market that might prevail in the future,and then developed plans of what the company should do in the event that any of these scenarios actually occurred.


Definitions:

Population Crash

A sudden, sharp decrease in the size of a population due to environmental factors.

Carrying Capacity

The maximum population size of a biological species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available.

Environmental Resistance

A set of factors in an ecosystem that limits the growth of a population.

Biotic Potential

The maximum reproductive capacity of a species under optimal environmental conditions.

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