Besides Focusing on Controlling Critical Inflows and Outflows,a Contingency Plan

question 59

Multiple Choice

Besides focusing on controlling critical inflows and outflows,a contingency plan needs to also include identification of specific strategies for cutting costs as well as the possible ________.

• A)sale of the business
• B)aggressive expansion to counteract the downturn
• C)changing the company name
• D)restructuring of the venture

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Definitions:

Ambiguous Messages

Communications that can be interpreted in multiple ways due to unclear or vague language, leading to confusion or misunderstanding.

Redundancies

The presence of duplicate elements or unnecessary repetitions in content or processes.

Formal Report

A document that presents information in a structured format for analysis and provides specific recommendations for future actions.

Policy Implementation

The process of putting into effect or enacting policies decided by an organization or government.