The Process for Contingency Planning Will Depend on the Nature

question 55

True/False

The process for contingency planning will depend on the nature of the business,which can be affected by factors such as weather disasters,employee strikes,or new regulations to name a few. 

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Definitions:

Open Policy

An insurance policy that does not name the specific risks covered, but instead provides coverage for all risks, except those explicitly excluded.

Property Insurance

Coverage that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.

Intangible Property

Assets that cannot be physically touched or held, such as intellectual property, goodwill, and copyrights.

Physical Form

The tangible aspect or embodiment of something, usually referring to documents or goods that have a material existence.