During the Crisis Responses Stage, a Company Is Most Likely

question 32

Multiple Choice

During the crisis responses stage, a company is most likely to:

• A)provide stress and trauma counseling.
• B)create a crisis management plan.
• C)regularly conduct exercises to test the crisis management plan.
• D)develop sample responses to various types of crises.
• E)assign and train a crisis management team.

---

Definitions:

Fair Value

Rephrased: An accounting concept referring to the estimated price at which an asset could be bought or sold in a current transaction between willing parties.

Expected Pension Benefits

Expected pension benefits represent the future payments an employee has earned under a pension plan, based on factors like years of service and salary history.

Projected Benefit Obligation

An estimate of the total amount that an employer anticipates to pay for employee benefits in the future.

Accumulated Benefit Obligation

The present value of benefits earned by employees in a defined benefit plan, to be provided at some time in the future based on their service to date.