__________ Is a Long-Term Version of Contingency Planning

question 10

Multiple Choice

__________ is a long-term version of contingency planning.

• A) Benchmarking
• B) Scenario planning
• C) Participation
• D) Forecasting
• E) Flexible budgeting

Understand the strategic focus of training programs in the context of organizational changes and expansions.

Understand the benefits of training and development within organizations.

Comprehend the steps involved in the performance management process and its linkage with training and development.

Analyze the factors that influence high-performance work systems.

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Definitions:

Subcontractor Information

Details about individuals or companies hired by the main contractor to perform part of the work in a contract.

Payroll Setup

The process of establishing the system, processes, and documentation for managing and paying employees.

Stockholder

An individual or entity that owns one or more shares of stock in a public or private corporation, thereby having ownership interests.

Vendor

An individual or company that supplies goods or services to a business, often playing a key role in the supply chain.