Contingency Planning Involves Developing Alternative Courses of Action to Be

question 51

True/False

Contingency planning involves developing alternative courses of action to be used if the primary plans do not achieve the desired results.

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Definitions:

Dividends

Earnings disbursed by a company to its shareholders, generally as a sharing of profits.

Net Income

The total profit or loss of a company after all revenues, costs, and expenses have been accounted for, typically reported at the bottom of the income statement.

Annual Amortization

The process of spreading out a loan or intangible asset's cost over its useful life, reflecting each year’s expense on the financial statements.

Investment Balance

Investment balance refers to the total value of all the securities or assets that an individual or institution holds in an investment account at a given point in time.