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

---

Definitions:

Corporations

Legal entities recognized by law as separate from their owners, with rights to enter contracts, own assets, and be liable for debts.

Model Business Corporation Act

A set of statutory provisions designed to provide a standard legal framework for the formation, operation, and dissolution of corporations in the United States.

Preincorporation Subscription

An agreement by an individual to purchase shares in a corporation that is yet to be incorporated, showing early commitment to the entity's future.

Shareholder

An individual or entity that owns shares in a corporation, granting them certain rights, such as the right to vote on corporate matters and receive dividends.