Contingency planning ______.
A)is time-consuming and expensive
B)should be avoided
C)is not essential as it will not be used in most cases
D)all of the these

Question

Quizplus · Accepted Answer

Contingency planning is recognized as a critical component of risk management, which, while it can be time-consuming and expensive, is undertaken to prepare for unforeseen events. Choices B and C are incorrect because contingency planning is a recommended practice, not something to be avoided, and it is considered essential for preparing for potential future scenarios, even if those scenarios might not occur.

Contingency Planning ______