What is the difference between management reserves and contingency reserves?

Question

Options

• AContingency reserves address known knowns, whereas management reserves address
• BContingency and management reserves both address known unknowns and could be
• CContingency reserves address known unknowns, whereas management reserves address
• DContingency reserves are managed by senior management, whereas management reserves

• A
  12% (3)
• B
  4% (1)
• C
  80% (20)
• D
  4% (1)

Explanation

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