Which of the following is true of a contingency plan?
A)It primarily translates broad goals into specific ones.
B)It serves as an alternative when the initial plan fails to work.
C)It is normally used in stable environmental conditions.
D)It is seldom used by corporations to respond to major disasters.
E)It is sometimes referred to as a "why not" plan.

Question

Quizplus · Accepted Answer

A contingency plan is a backup plan that is put in place to minimize or mitigate the impact of an unforeseen event that disrupts business operations. It serves as an alternative course of action when the initial plan fails to work, making option B the correct answer.

Which of the Following Is True of a Contingency Plan