Question: Identify the two statements that are correct and explain the distinction between a risk response plan and a contingency plan. Contingency plans go into effect

Identify the two statements that are correct and explain the distinction between a risk response plan and a contingency plan.
Contingency plans go into effect before a risk occurrence happens.
Contingency plans go into effect after a risk occurrence happens.
Risk response plans are initiated before the risk occurs.
Risk response plans are initiated after the risk occurs.
 Identify the two statements that are correct and explain the distinction

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!