With Respect to the Concepts of Contingency Planning and Crisis

question 231

Multiple Choice

With respect to the concepts of contingency planning and crisis management,which of the following is (are) correct?

• A) Contingency planning deals with events that have a smaller dollar impact than crisis management.
• B) Contingency planning deals with "things," while crisis management deals with "people."
• C) Contingency management focuses on what might happen,while crisis management focuses on dealing with what has already happened.
• D) Contingency management is largely a "behind-the-scene" activity,while crisis management is largely a "public relations" activity.
• E) All of the above are correct.

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Definitions:

Tax Year

A 12-month period used for tax purposes, determining the timeframe over which income, deductions, and tax payments are calculated and reported.

Realize

To convert assets into cash or to acknowledge revenue or a profit in accounts.

Gains And Losses

The increase or decrease in an investment's value, respectively, often realized upon selling or valuing the investment at market price.

DAX-30 Index Futures

Futures contracts that speculate on the future value of the DAX, a stock index of 30 major German companies trading on the Frankfurt Stock Exchange.