CONTINGENCY PLAN Definition

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CONTINGENCY PLAN is a plan that provides an outline of decisions and measures to be taken if defined circumstances, outside the control of the affected organization, should occur.

Learn new Accounting Terms

RESIDUAL CLAIM is a claim to a share of earnings after debt obligations have been satisfied.

UNIT-LEVEL ACTIVITY, in Activity Based Costing, is an activity that must be done for each unit of production.

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