A suggested allowance for contingencies and emergencies at start-up is ________ percent of estimated start-up costs, although more is better.
A) 5
B) 10
C) 25
D) 40

Question

Quizplus · Accepted Answer

A contingency allowance is important for unforeseen circumstances that may arise during start-up. A suggested amount is 10% of estimated start-up costs, although more is always better to ensure the business has enough capital to handle unexpected expenses.

A Suggested Allowance for Contingencies and Emergencies at Start-Up Is