Thomas knows that the value of the Canadian dollar against the US dollar can greatly affect his hotel bookings. Thomas and his team have created several alternative plans and they are ready to make adjustments depending on what value the dollar will settle at. Which step in planning is this an example of?

Question

Quizplus · Accepted Answer

Maintaining flexibility is the process of creating alternative plans and being ready to make adjustments depending on the changing circumstances. In this scenario, Thomas and his team have created several alternative plans to adapt to the fluctuation of value in the Canadian dollar against the US dollar, which means they are maintaining flexibility.

Thomas Knows That the Value of the Canadian Dollar Against