Contingency plans are an important component of ________.
A) operations management
B) crisis management
C) control activities
D) feedback

Question

Quizplus · Accepted Answer

Contingency plans are developed as part of crisis management, which involves anticipating potential crises and developing strategies for how to respond to them. Contingency plans outline specific actions to be taken in the event of an unexpected event or emergency, helping businesses mitigate risk and minimize potential damage.

Contingency Plans Are an Important Component of ________