A Contingency Is an Event or Problem That Could Occur

question 16

True/False

A contingency is an event or problem that could occur and that must be planned for by having people and resources in place to deal with it.

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Definitions:

Reward Systems

Mechanisms or structures in an organization designed to recognize and compensate employees for their work performance.

Work Methods

Work methods describe the techniques, strategies, and procedures employed to efficiently and effectively complete tasks and achieve objectives within a workplace.

Process Innovations

Improvements or significant changes made to an organization's workflow or production methods to increase efficiency, quality, or performance.

Creativity

The ability to generate novel and valuable ideas or solutions to problems.