Multiple Choice
Which of the following best describes contingency plans?
A) They are the long-term direction and strategic intent of a company.
B) They are a set of procedures for translating broad strategic goals and plans into specific goals and plans.
C) They are a set of procedures that identify specific processes required at lower levels of an organization.
D) They are an organization's basic scope and purpose of operations.
E) They are a set of actions to be taken when events in the external environment require a sudden changE.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: "To be the world's best quick-service restaurant
Q31: Once managers have selected goals and plans,they
Q32: Summarize the basic steps in a formal
Q34: Functional strategies are those that are<br>A)implemented by
Q35: Sugarless Specialties manufactures a variety of sugar-free
Q37: Operational planning identifies the specific procedures and
Q38: If a baby food manufacturer purchases a
Q39: Tangible assets include:<br>A) company reputation.<br>B) goodwill.<br>C) technical
Q76: A method used for aligning an organization's
Q77: The strategic management process begins with the