Which of the Following Is a Long-Term Version of Contingency

question 1

Multiple Choice

Which of the following is a long-term version of contingency planning?

• A) Benchmarking
• B) Scenario planning
• C) Forecasting
• D) Staff planning
• E) Operationalizing

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Definitions:

Stagflation

An economic condition characterized by high inflation, high unemployment, and stagnant demand in a country’s economy.

Aggregate Demand

The collective demand for all goods and services within a particular economy at a specific price level and time period.

Aggregate Demand

is the total demand for all goods and services within a particular market or economy at a given price level and in a given time period.

Economic Fluctuations

Variations in the level of economic activity in a country over time, characterized by periods of boom and recession.