Which of the Following Statements About Decision Making in a Crisis

question 76

Multiple Choice

Which of the following statements about decision making in a crisis is true?

• A)In crises, managers should make decisions only after taking all of the details into account.
• B)An effective plan for crisis management should include communication actions.
• C)In crises, managers should avoid making decisions under pressure.
• D)It is not imperative to include crisis management on the management's agenda.
• E)Crises can never provide benefits to a company.

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Definitions:

Houston

The fourth-largest city in the United States, located in Texas, known for its energy industry, particularly oil and natural gas.

Purchasing Power Parity

A theory that states the exchange rates between two currencies are in equilibrium when their purchasing power is the same in both countries.

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another, fundamental for international trade and investment.

Relative PPP

Stands for Relative Purchasing Power Parity, a theory that suggests that in the long term, exchange rates should adjust so that similar goods cost the same in different countries.