Contingency Planning Seeks to Identify How a Company Will Respond

question 31

True/False

Contingency planning seeks to identify how a company will respond to change.

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Definitions:

Nonfinancial Asset

Assets that have value but are not monetary or financial in nature, such as property, equipment, or intellectual property.

Insurance Claims

Requests made to an insurance company for payment based on the terms of an insurance policy following a loss, damage, or occurrence of a covered event.

Quit Smoking

The act of stopping the habit of inhaling tobacco smoke, typically to improve health outcomes.

Reinforcement

In psychology, a process by which a stimulus increases the probability of the behavior that it follows.