What Has Been Shown to Permit Quick Response to Change

question 54

Multiple Choice

What has been shown to permit quick response to change, prevent panic in crisis situations, and make managers more adaptable?

• A) Auditing
• B) Implementing a Balanced Scorecard
• C) Contingency planning
• D) Taking corrective actions
• E) Measuring performance

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Definitions:

Taxed As

The classification or manner in which a financial transaction or entity is subjected to taxation by governing authorities.

Promoter

An individual or organization that helps to plan, finance, and organize the founding or operations of a company or event.

Contract Adoption

The act of agreeing to and accepting the terms of a contract, thereby making it legally binding.

Novation

The act of replacing an existing contract with a new one, whereby a new party takes over the rights and duties of the original agreement.