Question

As a part of its yearly planning activities, PDQ Financial Services generates a list of possible future scenarios and creates a plan to respond to each of their forecasts, PDQ Financial Services is practicing ________.

Answer 1

Contingency planning

Step-by-step explanation:

A contingency plan is an emergency strategy in place so that when events or plans have been going negatively or differently. In certain terms, a backup plan for a particular project is a specified, implementable strategy to be executed if the perceived risk is a possibility.

The contingency plan is based on future events and also prepares for future events.