Mona,the CEO of an auto dealership,told her managers that "based on the high sales for this year,the forecast for next year looks very good." So after completing their budget for the upcoming year,based on the forecast that predicts continued strong sales,Mona and her managers are developing a plan in case sales drop unexpectedly.This type of planning is known as contingency planning.

Question

Quizplus · Accepted Answer

Contingency planning,also known as scenario planning and scenario analysis,is the creation of alternative hypothetical but equally likely future conditions.

Mona,the CEO of an Auto Dealership,told Her Managers That "Based