Contingency Plans Are Alternative Plans to Be Implemented If Uncontrollable

question 145

True/False

Contingency plans are alternative plans to be implemented if uncontrollable events occur.

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Definitions:

Present Value

The value today of a future sum of money or sequence of cash flows, when discounted by a certain rate of return.

Float

The total number of shares of a company that are available for trading by the public.

Checks

Financial instruments that order a bank to pay a specific amount of money from the writer's bank account to the person or entity in whose name the check has been issued.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services to its customers.