Alternative courses of action that can be implemented based on how the future unfolds are referred to as
A)programmed decisions.
B)contingency plans.
C)ready-made solutions.
D)satisficing plans.
E)maximizing plans.

Question

Quizplus · Accepted Answer

Contingency plans are designed to be flexible and adaptable based on how the future unfolds. They assess potential risks and uncertainties and create alternative courses of action to be implemented if needed. This allows organizations to be prepared for unexpected events and minimize their negative impact. Programmed decisions are already established and do not have the flexibility to change based on future developments, whereas ready-made solutions are pre-determined approaches to solving a specific problem and may not be suitable for all situations. Satisficing plans seek a satisfactory solution rather than the optimal one, while maximizing plans aim to achieve the best possible outcome regardless of potential drawbacks or risks.

Alternative Courses of Action That Can Be Implemented Based on How