Final answer:
The stage not associated with crisis management is 'Panic'. Recognized stages are Prevention, Preparation, and Containment, all aiming to minimize crisis impact.
Step-by-step explanation:
The correct answer to the question “Which of the following is not a stage of crisis management?” is B. Panic. The stages of crisis management usually include Prevention, Preparation, Response, and Containment or Recovery. ‘Panic’ is not recognized as a constructive stage in crisis management but rather as a reaction that organizations strive to avoid through effective preparation and management.
In summary, the recognized stages of crisis management are designed to minimize the impact of a crisis on an organization and allow for a structured and efficient response that prevents disorder and facilitates a return to normal operations.