Which of the Following Is an Example of a Standing

question 94

Multiple Choice

Which of the following is an example of a standing plan?

• A)a retail chain's plan to counter the entry of a new competitor
• B)a plan developed to address a sudden,unanticipated surge in demand
• C)a fire escape policy establishing practices to be followed in an emergency
• D)a plan to cope with radical changes in the political environment

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Definitions:

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life.

Income Tax Rate

This is the percentage at which an individual or corporation is taxed on their income.

Unearned Revenue

Money received by an entity for goods or services to be provided in the future, recognized as a liability until the service is performed.