A Crisis Management Plan Should

question 9

Multiple Choice

A crisis management plan should

• A)define operational procedures and outline communication tasks and responsibilities.
• B)make provisions for concealing operational issues from the news media.
• C)avoid limitations on who is authorized to speak on behalf of the company.
• D)never include contact information for key executives and personnel.
• E)be built based on small business standards.

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Definitions:

Statement of Cash Flows

A financial document detailing the cash inflows and outflows from operating, investing, and financing activities of a company over a period.

Percentage Breakdown

A method of expressing components of a whole as percentages to show their relative sizes or contributions to the total.

Accounting Process

A systematic series of actions to record, summarize, and report the financial transactions of a business over a period, resulting in the preparation of financial statements.

Journals

Official records where business transactions are entered before they are transferred to accounts in the general ledger.