Which of the Following Describes a Liability

question 51

Multiple Choice

Which of the following describes a liability?

• A) The potential profit from selling a firm's assets and settling all of its debts
• B) A debt owed by a firm to an outside organization or individual
• C) Any economic resource expected to benefit a firm or an individual who owns it
• D) Any economic deficit expected to cost a firm or an individual who owns it
• E) The amount of money originally invested in a business by its owners

---

Definitions:

Interests

Personal likes, preferences, or areas of particular focus or enthusiasm an individual has.

Sequential Design

A research methodology that combines elements of both cross-sectional and longitudinal designs to study changes within a population over time.

Cross-sectional Comparisons

Cross-sectional comparisons involve looking at data from a population at one specific point in time to identify patterns and relationships.

Longitudinal Comparisons

A research technique that involves studying the same group of individuals over a period of time to observe changes and developments.