Organizations Should Prepare Contingency Plans Just for Unfavorable Events

question 81

True/False

Organizations should prepare contingency plans just for unfavorable events.

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Definitions:

Modern Firms

Refers to contemporary businesses characterized by innovative practices, technology use, and agile structures.

Foreign Countries

Nations or territories outside one's own country, governed by distinct legal, political, and cultural systems.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, typically retaining control over how their work is completed.

Employee

An individual who is hired by a company to perform specific duties in exchange for compensation, typically under the control and direction of the employer.