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Tom [10]
1 year ago
9

Funds that are identified for specific work packages and cover risks that have a low probability of occurring are called _______

__ reserves.
Business
1 answer:
Lostsunrise [7]1 year ago
6 0

Funds that are identified for specific work packages and cover risks that have a low probability of occurring are called Contingency reserves.

<h3>What is Contingency Reserve?</h3>

A contingency reserve is retained earnings that have been set aside to guard against possible future losses. A contingency reserve is needed in situations where a business occasionally suffers significant losses, and needs reserves to offset those losses.

In other word, Contingency reserve is defined as an amount set aside to cater for unforeseen circumstances by a firm. It is a surplus amount taken from profit of an organization. Here, certain funds are earmarked out of the profit made by a firm, indicating a reservation against a specific or general contingency.

Hence, funds that are for identified risks that have a low probability of occurring and that decrease as the project progresses are called contingency reserves.

Therefore, we can conclude that the correct option is A.

Your question is incomplete, but most probably your full question was:

Funds that are for identified for specific work packages and cover risks that have a low probability of occurring and that decrease as the project progresses are called ______ reserves.

A. Contingency

B. Management

C. Unidentified Risk

D. Just in Case

E. Padded

Learn more about Contingency Reserves on:

brainly.com/question/14531831

#SPJ4

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Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.

Explanation:

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3 years ago
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
cestrela7 [59]

Answer:

Merchant wholesaler

Explanation:

A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.

Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.

Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.

In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.

6 0
3 years ago
David’s friend, Keanu, has hired a financial planner for advice on retirement. Considering Keanu’s current expenses and expected
tatiyna

Answer:

28.85

Explanation

Keanu has decided to save a fixed amount of 70,000 for a given period. We would need to calculate the number of years to achieve 7,796,223 using the FVIFA formula (Future value interest for an annuity)

Fixed payment× FVIFA=Future value

<em>FVIFA</em> = \frac{(1+r)^{n} - 1}{r}

where r is the periodic rate (9%)

and n is the number of periods

therefore; 70000×\frac{(1+0.09)^{n} - 1}{0.09}=7796223

{(1+0.09)^{n} }=(7796223×0.09)/70000

n=27.85

However, since Keanu will not invest until the end of the first year, he will spend 28.85 years to achieve his goal

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3 years ago
One of the best ways to prevent workplace violence is to recognize the warning signs
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The attitude toward each other.


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When initially setting prices for hotel rooms, the revenue manager should consider all of the following except:
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