Contingency School of Management


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question 1 of 3

Define contingency planning.

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1. Which of these would be part of the implementation of contingency management at XYZ Corp.

2. A fruit packing company in Florida makes plans for what it will do in the event a hurricane strikes. This is called _____

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of contingency management approach used by some managers. Topics you'll need to know to pass the quiz include how planning factors into contingency management.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • The definition of contingency planning
  • Planning for anticipated risks
  • What a disaster recovery program is
  • Internal and external monitoring
  • What constitutes a company's external environment

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on the contingency school of management
  • Interpreting information - verify that you can read information regarding the internal and external environments of a company and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about disaster recovery

Additional Learning

To learn more about keeping a business prepared for anything, review the corresponding lesson on the Contingency School of Management. This lesson covers the following objectives:

  • Know why some companies follow the Contingency School of Management
  • Define contingency planning
  • Understand the purpose of business continuity planning
  • Review what a disaster recovery program entails
  • Examine how environmental scanning takes into account both internal and external environments