What are the two types of contingency reserves and how are they handled?
What will be an ideal response?
Contingency reserves in financial and managerial forms are among the most common methods used to mitigate project risks. Task contingency, perhaps the most common form of contingency reserve, is used to offset budget cutbacks, schedule overruns, or other unforeseen circumstances accruing to individual tasks or project work packages. These budget reserves are used if work packages cannot be estimated with certainty or if required contractually. An offset of 20% means that a project will be built to a cost of 20% less than called for in the contract, with the 20% held in case a contingency arises. Managerial contingency means having budget safety measures that address higher level risks, such as a client requesting a dramatically altered scope.
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Which of the following statements is correct when considering a SWOT analysis?
A. Opportunities and threats originate outside an organization. B. Opportunities and weaknesses organization outside an organization. C. Strengths and weaknesses originate outside an organization. D. Strengths and threats originate inside an organization.
In Victorian Literature, we read Charlotte ________ book Jane Eyre and Charles ________ Oliver Twist
A) Brontes'/Dickens' B) Brontes/Dicken's C) Bronte's/Dickens D) Bronte's/Dickens's
[The following information applies to the questions displayed below.]The Yankee Corporation has recently begun to accept credit cards. On July 7, Year 1, Yankee made a credit card sale of $600. The credit card company charges a fee of 3% for handling a credit card transaction.Which of the following correctly shows the effects of the sale on July 7? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.600 18 582582 NA 582NAB.582 NA 582600 18 582582 OAC.582 NA 582600 18 582NAD.600 NA 600600 NA 600NA
A. Option A B. Option B C. Option C D. Option D
Alain is chairman of the board of Barber & Beauty Supply Corporation. Consuela, a con¬sumer, is injured while using a Barber & Beauty product. She sues Barber & Beauty and Alain individu¬ally. The corporation may pay Alain's legal fees under
a. under the director's right to participation. b. under the director's right to compensation. c. under the director's right to indemnification. d. only on the firm's own initiative.