_____ Refers to Planning for Unexpected Events, Usually Involving a Range

question 24

Multiple Choice

_____ refers to planning for unexpected events, usually involving a range of scenarios and assumptions that differ from the assumptions behind the core plans.

• A)Strategic planning
• B)Tactical planning
• C)Operational planning
• D)Contingency planning

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Definitions:

Shifting Mix

Changing the combination or proportion of elements within a group, portfolio, or formula to achieve a desired outcome or balance.

Broad Purpose

A wide-ranging or general aim that an organization or individual seeks to achieve, often encompassing various specific objectives.

Goods

Tangible products that are produced, bought, or sold, thereby contributing to an economy's exchange of value.

Services

Activities or benefits provided by one party to another which are intangible and do not result in ownership.