Contingency Plans Are

question 27

Multiple Choice

Contingency plans are:

• A)Specific time- and resource-oriented action plans to achieve alternate sets of strategic goals.
• B)Generic alternative plans.
• C)Alternative plans that are put into effect if the strategic assumptions change quickly or dramatically, or if organizational performance is lagging.
• D)"Gotcha" plans used to find unit managers who have not been effective in implementing the organizational strategy.

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Definitions:

Debt Trading Security

A financial instrument representing a debt that can be bought or sold in the securities market.

Available-for-sale

A classification of securities that are not actively managed for trading or held to maturity but can be sold for cash needs or other purposes.

Unrealized Holding Gain

Refers to an increase in the value of an investment that has not been sold yet, thus the gain is not "realized."

Passive Debt Investments

Investments in debt instruments, such as bonds, where the investor does not exert influence over the issuer.