Question: Define the Contingency plan

Define the “Contingency plan”

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A contingency plan is a strategic plan put in place to prepare for potential future events or situat... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Define (a) a contingency and (b) a contingent liability.

Q:

Define the term contingency fee, explaining how such fees apply to PAs. Do you feel a change is necessary to rules for contingency fees in Canada?

Q:

Define a contingency fee. Why should a contingency fee not be used? What are the two exceptions for using contingency fees?

Q:

This project is about contingency planning. It is sort of a combination of this week's chapter--Chapter 10-- on change, and last week's chapter--Chapter 17--on planning. Chapter 17 very briefly...

Q:

Please write a essay about the task A and B at least 1000 words(about 500 words for each one). Easy to understand, undergraduate level. Thanks Assessment Task 1 plans BSBFIM501A Manage budgets and...

Q:

According to the Assignment 2 instructions, page 2, provided to you under the Assessment Hub in FLO, in this assignment, you as CISO, need to create a preliminary report for all personnel in your...

Q:

Need help please: its only multiple choice question , No need for explaination. just need answer. Why is it necessary to analyse and identify the resources required prior to implementing an...

Q:

The authors discussed the importance of quality as a competitive tool in the management associated with the operations of the new small business. New small business owners evaluate criteria to...

Q:

An entrepreneur should be prepared for sudden changes or disasters that can affect the implementation of a business plan. In this context, identify the issues that need to be addressed by an...

Q:

YOUR TASKS Documents attached: Replenishment model scenario ( containing information specific to you ) : Blank template - base case plan Blank template - contingency plan 1 . ( 1 0 MARKS ) Using the...

Q:

Moiz is the CEO of Abdullah Video Stores (AVS) . The company has 10 million shares of common stock outstanding and 160,000 7 percent annual bonds outstanding, par value PKR1,000 each. The common...

Q:

Control: On a monthly basis, each component controller performs a comparison of operating results to budget amounts for their respective component. Variances in excess of US$25,000 are investigated....

Q:

12. Prepare a Double Column Cash Book from the following with Cash & Bank Column. 2022 Jan. 1 Jan. 4 Balance in hand 6,000 and overdraft at Bank 7,000 Received a cheque from Avinash and Co. for goods...

Q:

A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $33,000 cash as an owner investment in exchange for common stock. December...

Q:

15) If Cost of Goods Sold is $250,000, beginning inventory is $29,000, and ending inventory is $36,000, then the purchases from suppliers (assume all on account) would be: A) $257,000. B) $315,000....

Q:

Some schools of thought distinguish between the decision process (that is, the techniques and methods used to make decisions) and the decision outcome. Discuss why this distinction is important and...

Q:

In 2020, Caterpillar Incorporated had about 540 million shares outstanding. Their book value was $41.0 per share, and the market price was $125.30 per share. The companys balance sheet shows that the...

Q:

Solve each equation or inequality. |6x8-4 = 0

Q:

In the following graph has 8 nodes, please determine the minimum spanning tree (MST) with how to describe a spanning tree (including the steps) and calculate the total weight at a minimum use the...

Q:

Should company A create a provision for restructuring as part of its acquisition accounting entries? Explain your answer. How would your answer change if all the circumstances are the same as those...

Q:

Describe the standard-setting process of the IASB. 1. Setting the agenda. 2. Planning the project. 3. Developing and publishing the discussion paper. 4. Developing and publishing the exposure draft...

Q:

How does the existence of an NCI affect the business combination valuation entries?

Q:

We met the Tour de France data set in Chapter 1 (in Just Checking). One hundred years ago, the fastest rider finished the course at an average speed of about 25.3 kph (around 15.8 mph). By the 21st...

Q:

Has the trend of decreasing difference in age at first marriage seen in Exercise 36 gotten stronger recently? The scatterplot and residual plot for the data from 1980 through 2011, along with a...

Q:

For humans, pregnancy lasts about 280 days. In other species of animals, the length of time from conception to birth varies. Is there any evidence that the gestation period is related to the animal's...