The Contingency Plan for a Company Has an Alert Set

question 4

Multiple Choice

The contingency plan for a company has an alert set at sales declines of 20 per cent or more,compared to the previous month.In which stage of the contingency planning process would such an alert be set?

• A)specifying response options
• B)activating the contingency plan
• C)tracking and monitoring the action plan
• D)identifying critical assumptions

Understand the role of individual buyers and sellers in competitive markets.

Differentiate between movements along the demand curve and shifts in the demand curve.

Understand the concept of market demand and how it is determined.

Understand the concept and significance of organizational control systems, including budgetary and bureaucratic controls.

---

Definitions:

Market Price

The present value at which a service or asset is available for purchase or sale.

Disclosure

A process where a company provides important financial information to its shareholders and the public, enhancing transparency.

Neutrality

In financial reporting, the principle that information must be unbiased and free from influence or manipulation.

Top Executives

Individuals holding senior management positions within a company, responsible for overseeing its operations and strategic direction.