What are the five steps for effective contingency planning according to Linneman and Chandran?
What will be an ideal response?
The suggested five-step process for effective contingency planning is as follows: (1 ) Identify both good and bad events that could jeopardize strategies; (2 ) Determine when the good and bad events are likely to occur; (3 ) Determine the expected pros and cons of each contingency event; (4 ) Develop contingency plans for key contingency events; (5 ) Determine early warning trigger points for key contingency events.
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The beginning balance in the Common Stock account of Cedar Technologies, Inc. was $76,000. The revenues and expenses amounted to $55,000 and $37,000, respectively. During the year, the company did not declare any dividends or issue common stock
The Common Stock account will have $131,000 at the end of the year. Indicate whether the statement is true or false
All of the following provisions are required in an individual health and accident policy EXCEPT
A) a grace period provision B) an insurance with other insurers provision C) a physical examination and autopsy provision D) an entire contract provision