Veterinary Practice Manager

Category - CVPM

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Which of the following choices is an example of contingency planning?

Deciding ahead of time what to do if growth revenue fails to increase at a certain rate annually
Setting up guidelines ahead of time for when to reorder drugs and supplies
Establishing advance directives on what to do when revenue growth outpaces expenses
Having a plan for employees to contact each other in the event of an emergency

Explanation

Answer: A- Deciding ahead of time what to do if growth revenue fails to increase at a certain rate annually is an example of contingency planning.

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