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Question : Which of the following is not a step in the process of developing a contingency plan?

Option 1: Identifying potential risks
  

Option 2: Assessing the probability of risks
  

Option 3: Ignoring potential risks

 

Option 4: Developing response strategies


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: Ignoring potential risks

 


Solution : The correct answer is (c) Ignoring potential risks

Developing a contingency plan involves assessing and preparing for potential risks and uncertainties that could impact an organization's operations. Ignoring potential risks is not a valid step in the process. Instead, it is important to identify, assess, and address risks in order to mitigate their impact and ensure business continuity.

Ignoring potential risks is crucial to acknowledge and consider potential risks in the development of a contingency plan to enhance preparedness and response capabilities.

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