Which of the Following Is a Long-Term Version of Contingency

question 83

Multiple Choice

Which of the following is a long-term version of contingency planning?

• A) benchmarking
• B) scenario planning
• C) forecasting
• D) staff planning
• E) operationalizing

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Definitions:

Operational Planning

The process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success, and explains how, or what portion of, a strategic plan will be put into operation during a given operational period.

Financial Performance

An analysis of a company's ability to generate income from its operations over a certain period of time.

Cash Requirements

The amount of cash a company needs to meet its immediate and short-term obligations or to complete a transaction.

Strategic Planning

Strategic Planning refers to the process organizations use to define their strategy, direction, and make decisions on allocating resources to pursue this strategy, including capital and people.