If a Firm Establishes a Back-Up Plan, They Are Engaging

question 64

Short Answer

If a firm establishes a back-up plan, they are engaging in
contingency planning.
crisis management.
investment reduction.
differentiation.
none of these.

---

Definitions:

Accrue Payroll

To accrue payroll means to record expenses and liabilities for salaries and wages incurred by an organization during an accounting period, but not yet paid.

Warranty Costs

Expenses incurred by a company to repair, replace, or refund products that are found to be defective within a warranty period.

Two-Year Warranty

A guarantee provided by a seller or manufacturer to repair or replace defective goods for two years after purchase.

Tablet Computers

Tablet computers are portable, thin electronic devices equipped with a touchscreen interface, offering a combination of computing, internet, and multimedia capabilities.