A Contingency Plan

question 97

Multiple Choice

A contingency plan

• A)is used in conjunction with the organization's originally developed plan.
• B)is developed after considering contingency events.
• C)can be used only at a strategic level.
• D)makes an organization less flexible.
• E)is unnecessary for organizations that face a dynamic environment.

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Definitions:

Information Goods

Products that can be delivered digitally and are primarily composed of or characterized by informational content.

Total Logistics Costs

Encompass all expenses related to the planning, implementing, and controlling of the efficient flow and storage of goods, services, and related information.

Supply Chain Network

An infrastructure of businesses, staff, processes, insights, and support systems designed to move a product or service from its source to the consumer.

Facility Costs

Expenses associated with operating physical buildings such as warehouses and factories, including rent, utilities, and maintenance.