Final answer:
Crisis management is the process of planning for and implementing the response to negative events that could severely affect an organization. Therefore, the correct option is B.
Step-by-step explanation:
The process of planning for and implementing the response to a wide range of negative events that could severely affect an organization is known as crisis management. Crisis management involves anticipating potential crises, developing strategies to mitigate risks, and coordinating actions to respond effectively in times of crisis.
It is crucial for organizations to have a well-defined crisis management plan in place to minimize the impact of negative events and protect their reputation and operations.