Contingency Plans Are Alternative Actions That Can Be Taken If

question 22

True/False

Contingency plans are alternative actions that can be taken if the primary course of action is unexpectedly disrupted or rendered inappropriate.

---

Definitions:

Parent

In corporate finance, refers to a company that holds a controlling interest in one or more subsidiary companies.

Subsidiary

A corporation that is governed by another corporation, referred to as the parent company, by possessing over 50% of its voting shares.

In-Process Research and Development

Expenditures on research and development activities that are not yet complete, which may be capitalized as an intangible asset.