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:

Bond Premium

The surplus value of a bond beyond its principal amount when sold in the market.

Term Bond

Bonds that have a specified maturity date on which the principal or face value is payable to bondholders.

Effective Rate

A more accurate measure of interest or return that takes into account the effects of compounding over a specific period.

Contract Rate

The agreed-upon interest rate specified in a contract, often related to loans or financial agreements.