Financial Contingency Planning

Financial misadventure plan: Sources of investment firming Trina Burkett AJS/522 June 18, 2012 Gaylia Clark Financial mishap Planning: Sources of Funding A financial accident gillyflower is an amount of stead that is set aside to be save employ in exercise of an emergency, natural tragedy, or study equipment malfunction. Financial misadventure plan helps businesses, the organization activity, and families curry for unexpected exits. Contingency pecuniary resource lavatory help treasure against the possible loss of important property or equipment. Contingency inventorys crumb be used in case of an emergency or unanticipated event. there argon galore(postnominal) sources of funding that is used at convey and local anesthetic levels, such as government taxes, nonprofit organizations, and reclusive donations. in that location are disadvantages and advantages to having a financial fortuity fund. A contingence plan is also referred to as a worst-case scenario planner, an seditious events planner, or a disaster recovery plan (Tatum, 2003). A misadventure plan is a plan that allows for the government, business, or a family to prepare for unexpected future breakdowns and events. Contingency plans are enforced to hold back on without little or no severance or interference. A contingency fund is a leave fund that is set aside to help cover the unexpected expenses that are outside the normal operating budget. Contingency funds allows for shield against possible losses in an emergency situation. Governments, organizations, and families can get ahead from having a contingency fund as destiny of the boilers suit budget plan (Tatum, What is a Contingency Fund?, 2003). The government usually identifies contingency funds as a disaster recovery fund or a disaster assist fund (Tatum, What is a Contingency Fund?, 2003). The government contingency fund is used to provide assistance to local and press out citizens when a natural disaster or the res! cue decreases. For the contingency fund to be used in the event of a disaster, the disaster...If you want to get a full essay, edict it on our website: BestEssayCheap.com

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