Question : Which type of plan is developed to address unexpected events or situations?
Option 1: Strategic plan
Option 2: Operational plan
Option 3: Contingency plan
Option 4: Tactical plan
Correct Answer: Contingency plan
Solution : The correct answer is (c) Contingency plan.
A contingency plan is a type of plan that is created to provide guidance and actions to be taken in response to unforeseen events, emergencies, or potential disruptions. It is designed to mitigate risks, minimize negative impacts, and ensure continuity of operations in challenging or unexpected circumstances. Contingency plans typically outline alternative courses of action, response procedures, resource allocation, and communication strategies to handle various contingencies effectively.
