What is a contingency question 4th grade?



What is a contingency question 4th grade?

4. Contingency Questions. Questions that need to be answered only when the respondent provides a particular response to a question prior to them are called contingency questions. Asking these questions effectively avoids asking people questions that are not applicable to them.

How to account for a contingency?

How to Account for a Contingency A contingency arises when there is a situation for which the outcome is uncertain, and which should be resolved in the future, possibly creating a loss. The accounting for a contingency is essentially to recognize only those losses that are probable and for which a loss amount can be reasonably estimated.

What are contingency questions in an interview?

Contingency Questions Questions that need to be answered only when the respondent provides a particular response to a question prior to them are called contingency questions. Asking these questions effectively avoids asking people questions that are not applicable to them.

What is a contingency plan?

A contingency plan example may be positive like when there’s an unexpected surplus in the cash flow. But more often than not, the contingency planning process mostly refers to negative events. The events which might have a bearing on the organization’s financial health, reputation or on its ability to continue with business operations.