Answer: Managerial contingency outlines plans and steps to take in the event of management or system failure, while task contingency outlines the plans and steps to taken in the event of task failure.
Explanation: From the definition of contingency, we know that it translates to something that may or may not happen, and how to prepare in the event that one occurrence or another takes place.
Therefore we will define Managerial contingency as the preparedness for the outcome of having a managerial problem or system failure. Hence, knowing this could happen will lead to being prepared for any possible outcome.
Task contingency on the other hand takes into consideration the fact that a particular task might go awry, and this will lead to the preparedness regarding any possible outcome. This means that there are steps outlined to be taken in the event of the failure of a task.
Therefore, the difference between Managerial contingency and task contingency is that while managerial contingency outlines the plans and steps to be taken in the event of the failure of the management or system, task contingency outlines the plans and steps to take in the event of the failure of a particular task or tasks.