When developing contingency plans, firms typically focus on the events that are most
likely to occur rather than on the events that could cause the most harm.

Name: When developing contingency plans, firms typically focus on the events that are most likely to occur rather than on the events that could cause the most harm.
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Question

Quizplus · Accepted Answer

Firms typically focus on events that could cause the most harm, even if they are less likely, to ensure they are prepared for worst-case scenarios.

When Developing Contingency Plans, Firms Typically Focus on the Events