Which of the following terms can be best described as identifying possible future situations and plans for dealing with them?
A) Contingency planning
B) Forecasting
C) Scenario planning
D) Budgeting

Question

Quizplus · Accepted Answer

Scenario planning involves identifying possible future situations and creating plans to address them. Contingency planning is similar but focuses specifically on potential negative events. Forecasting involves predicting future outcomes based on past data. Budgeting involves creating a financial plan for an organization based on expected expenses and revenues.

Which of the Following Terms Can Be Best Described as Identifying