A common use of managerial contingency funds would be for:
A)Office supplies.
B)Management consulting fees.
C)A sudden increase in the price of unleaded gasoline.
D)An "act of God."

Question

Quizplus · Accepted Answer

A managerial contingency fund is a reserve of money set aside by an organization to cover unexpected expenses or events. An "act of God" refers to events that are beyond human control, such as natural disasters, which can cause significant financial losses. Therefore, a common use of managerial contingency funds would be to address the financial impact of an "act of God." Office supplies and management consulting fees are anticipated expenses that can be included in a regular budget, and a sudden increase in gasoline prices can be addressed through other financial planning mechanisms such as hedging or adjusting transportation schedules.

A Common Use of Managerial Contingency Funds Would Be For