The Budget Safety Measures That Address Higher Risks Than Task

question 75

Multiple Choice

The budget safety measures that address higher risks than task contingency are known as:

• A)CYA factors.
• B)Buffer stocks.
• C)Managerial contingency.
• D)Task offsets.

---

Definitions:

Note Receivable

A note receivable is a written promise to receive a specific amount of money, plus interest if applicable, at a future date, serving as an asset on the balance sheet.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.

Note Receivable

A written promise that a customer will pay a fixed amount of money with interest by a certain date.

Interest

The charge for borrowing money or the compensation for lending money, typically calculated as a percentage of the principal amount.