Asked by Renee White on Jun 21, 2024
Verified
A back-up plan for emergencies is called a(n)
A) executive reality check.
B) reserve plan.
C) benchmark plan.
D) contingency plan.
E) crisis plan.
Contingency Plan
A strategy prepared to address unexpected events or emergencies, minimizing negative effects and maintaining operational continuity.
Back-Up Plan
A prearranged alternative set of actions or resources available in case the original plan fails or encounters problems.
Executive Reality Check
A critical evaluation or assessment meant to provide company leaders with a clear and accurate understanding of the business's actual situation as opposed to perceived notions.
- Identify the significance of managing crises within organizations.
Verified Answer
Learning Objectives
- Identify the significance of managing crises within organizations.
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