Rabia Is Developing Contingency Plans for Her Catering Business

question 112

Multiple Choice

Rabia is developing contingency plans for her catering business. In other words, she is developing

• A)the long-term direction and strategic intent of her company.
• B)a set of broad goals and plans that can be turned into specific goals and plans.
• C)a set of specific processes required at lower levels of an organization.
• D)her organization's basic scope and purpose of operations.
• E)a set of actions to be taken if events require a sudden change.

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Definitions:

Farm Subsidies

Government payments provided to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such goods.

Political Logrolling

A practice in politics where two or more parties exchange support for each other's benefit, often seen in legislative voting.

U.S. Price Support Program

Government initiatives designed to stabilize or increase market prices typically for agricultural products, by buying excess supply or offering subsidies.

Freedom To Farm Act

A U.S. federal law enacted to reduce government control over farming operations, allowing farmers more freedom in making planting and harvesting decisions.