Which of These Are True About Contingency Plans

question 9

Multiple Choice

Which of these are true about contingency plans?

• A) They are developed to achieve a set of goals that are unlikely to be repeated in the future.
• B) They are used to provide guidance for tasks performed repeatedly within the organization.
• C) They define company responses to specific situations, such as emergencies or setbacks.
• D) They are most important in the organizations.
• E) None of these

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Definitions:

Copper Mining

The process of extracting copper from the Earth, which is a crucial resource for electrical wiring, plumbing, and various alloys.

Water Users

Individuals or groups that utilize water resources for purposes such as agriculture, industry, or domestic use.

Marginal Social Benefit

The incremental value for society resulting from the creation of an additional unit of a good or service.

Marginal Social Cost

The comprehensive expense to society for producing an extra unit of a good or service, encompassing both individual costs and external ones.