A list of possible substitute workers has been made in case a labor strike occurs. This would be an example of?
A) Contingency planning
B) Risk elimination
C) Risk mitigation
D) Risk conduction

Question

Quizplus · Accepted Answer

Contingency planning involves preparing alternative courses of action to be taken if a specific set of circumstances arises, such as a labor strike. The list of substitute workers is a specific example of contingency planning. Risk elimination and risk mitigation involve eliminating or reducing the probability or impact of a risk, while risk conduction is not a commonly used term in risk management.

A List of Possible Substitute Workers Has Been Made in Case