Which of the Following Definitions Best Describes a Contingency

question 32

Multiple Choice

Which of the following definitions best describes a contingency?

• A) It is an event occurred in the past which resulted in heavy profits for the company.
• B) It is an event due to which a company identifies its competitive advantage.
• C) It is an event that might occur and must be planned for.
• D) It is an event occurred in the past which resulted in heavy loss for the company.

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Definitions:

Raising Revenue

The process of generating income for a government or organization, typically through taxation, fees, or the sale of goods and services.

Germans

A group of people native to Germany, a country in Central Europe, or individuals of German descent.

Northampton County

A geographic or administrative region which might refer to one of several counties in the United States or elsewhere, often requiring context for specificity.

Liberty

Existing freely within a social structure, lacking oppressive barriers imposed by leaders on one’s life choices, actions, or political ideologies.