Which of the Following Statements About Contingency Planning Is FALSE

question 104

Multiple Choice

Which of the following statements about contingency planning is FALSE?

• A)Contingency planning occurs when planners decide the future will be identical to the past.
• B)Contingency planning anticipates events that may occur in the future.
• C)Contingency planning specifies different courses of action under different conditions.
• D)Contingency planning focuses on early identification of possible shifts in future events.
• E)Contingency planning contains trigger points that indicate when preselected alternative plans should be activated.

Evaluate the advantages and disadvantages of using e-mail versus personal visits in client communication.

Understand strategies for managing information overload in organizational settings.

Comprehend the significance of active listening in professional communication.

Recognize the role of management strategies, like management by walking around, in enhancing communication.

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Definitions:

Product Price

The sum of money needed to buy a specific product or service.

Wage Rate

The amount of compensation paid to employees for their labor per unit of time, often expressed per hour or year.

Substitution Effect

The economic principle that as prices rise (or incomes decrease), consumers will replace more expensive items with less costly alternatives.

Output Effect

The impact on an organization's total output resulting from a change in price, affecting the quantity supplied or demanded.