Contingency Plans Could Be Referred to as ________ Plans

question 126

Multiple Choice

Contingency plans could be referred to as ________ plans.

• A)"dream team"
• B)"someday"
• C)"pie in the sky"
• D)"what if"
• E)"primary"

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Definitions:

Holding Period

The duration of time an investor holds onto an asset or investment before selling it.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Gain or Loss

The difference in value from when an asset is purchased to when it is sold, determining whether a transaction has resulted in a profit or loss.

Classification

In the context of finance and business, classification refers to the categorization or grouping of items, assets, or transactions based on certain criteria or characteristics, often for reporting, analysis, or regulatory compliance.