Which of the following is commonly created during good times or when new management takes over to turn around a company that experienced poor performance under the previous management?
A)sinking fund
B)provident fund
C)reserve fund
D)pension fund

Question

Quizplus · Accepted Answer

A reserve fund is commonly created during good times or when new management takes over to turn around a company that experienced poor performance under the previous management. This fund helps the company to have a cushion in case of any unforeseen expenses or emergencies. A sinking fund is a fund created for a specific purpose, such as to retire debt or replace an asset, and may not be related to the company's overall performance. Provident funds and pension funds are savings plans for employees and not specifically related to company performance or management changes.

Which of the Following Is Commonly Created During Good Times