The Two Stages of Crisis Planning Include

question 117

Multiple Choice

The two stages of crisis planning include:

• A) prevention and control.
• B) planning and leading.
• C) prevention and preparation.
• D) preparation and control.
• E) leading and organizing.

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the business is just covering its costs.

Break-even Point

The level of sales or production at which total revenues equal total expenses, resulting in neither profit nor loss.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, or insurance premiums.

Cost-volume-profit Chart

A graphical representation that shows the relationships between an organization's costs, sales volume, and profits, used for making strategic business decisions.