Setting Contingency Plans in an Organization Is Considered Very Important

Multiple Choice

Setting contingency plans in an organization is considered very important today mainly because

A) managers have historically been poor tactical planners.
B) the government can charge firms with unfair business practices if they do not have such plans.
C) conditions change rapidly in today's economic and competitive environments.
D) most employees and staff don't understand strategic planning, so they tend to rely more on contingency plans.