What permits quick response to change, prevents panic in crisis situations, and makes managers more adaptable.
A) Auditing
B) Implementing a balanced scorecard
C) Contingency planning
D) Taking corrective actions
E) Measuring performance

Question

Quizplus · Accepted Answer

Contingency planning involves preparing for unexpected events and developing alternative courses of action. This allows for quick response to change and prevents panic in crisis situations, making managers more adaptable. Auditing, implementing a balanced scorecard, taking corrective actions, and measuring performance are all important management practices but do not directly address the need for quick response to change and crisis situations.

What Permits Quick Response to Change, Prevents Panic in Crisis