Which Is the First Step in the Contingency Planning Process

question 54

Multiple Choice

Which is the first step in the contingency planning process among the options listed here?

• A) Business continuity training
• B) Disaster recovery planning
• C) Business impact analysis
• D) Incident response planning

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Definitions:

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, such as labor or capital.

Additional Revenue

The extra or incremental income received from selling one more unit of a product or service.

Input Hired

Resources or factors of production, such as labor, raw materials, and capital, employed in the creation of goods and services.

Complements in Production

Goods that are produced together in the production process; an increase in the production of one leads to an increase in the production of the other.