Business Studies

Contingency planning

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1. Which of these is NOT a stage of drawing up a Contingency Plan?

  • Identifying the risks
  • Judging the degree of risk of each event
  • laughing at the events
  • Testing the plan - crisis simulation
  • Recognising the need for a plan
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2. What is the point of a Contingency Plan?

  • To minimise impact of an event
  • To make people happy
  • To look good to customers

3. What is Risk Management?

  • Identifying how things can go wrong
  • managing a shop which is risky
  • helping an old person cross the road

4. Which situation could have been less serious with a Contingency Plan in place?

  • Cadburys takeover
  • BP disaster
  • Pontin's liquidation

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