Contingency Planning Identifies Alternate Courses of Action to Be Implemented

question 46

True/False

Contingency planning identifies alternate courses of action to be implemented in order to meet changing circumstances.

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Definitions:

Functional Organizational Structure

An organizational framework where the company is divided into departments based on their function, such as marketing, finance, or manufacturing.

Meganational Strategy

A business strategy that emphasizes operating and competing in multiple countries as if they were a single global market.

Capital Investments

Expenditures by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Personal Control

The use of frequent human interaction to enforce control.