Pinnacle Financial Services managers meet annually to create a list of potential future complications and plan how to respond to

Question

3 years ago

8

Pinnacle Financial Services managers meet annually to create a list of potential future complications and plan how to respond to

each possibility. Pinnacle is practicing _______ planning. single-use ad-hoc divisional-level contingency functional-level

Business

1 answer:

Virty [35] · Answer 1 · 2022-03-02T11:37:17+03:00

Answer: contingency

Explanation:

Contingency planning is a form of planning that is used by an organization in order to plan ahead in case an event occurs. Contingency plans can also be called a 'Plan B' due to the fact that it's an alternative action in case things does not go as planned.

Therefore, based on the question, Pinnacle is practicing contingency planning.