Which of the Following Statements Accurately Describe Contingency Thinking

question 27

Multiple Choice

Which of the following statements accurately describe contingency thinking?

• A) A structure that works for one organisation may not work well for another.
• B) A management approach that works at one time may not work well at another time.
• C) A management approach that works well in an uncertain environment will not necessarily work well in a stable environment.
• D) All of the listed statements accurately describe contingency thinking.
• E) None of the listed statements accurately describes contingency thinking.

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Definitions:

Marking to Market

The practice of updating the value of a financial instrument to reflect its current market value.

Delivery

The process of transporting goods from one location to another or the act of handing over possession or control.

Contract Price

The agreed-upon price for goods or services set forth in a contractual agreement.

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.