Which of the Following Products Would Be Most Likely to Create

question 4

Multiple Choice

Which of the following products would be most likely to create a long-tailed liability exposure?

• A)prescription drug
• B)hypodermic needle
• C)hairbrush
• D)beach ball

Recognize the normal balance (debit or credit) for various account types.

Understand the composition and purpose of the chart of accounts.

Interpret the implications of transactions on account balances.

Familiarize with the structure and function of T accounts in accounting.

---

Definitions:

Adaptation Stage

The adaptation stage is a phase in stress-related theories where an individual adjusts to stressors, striving to restore balance and coping mechanisms.

Secondary Appraisal

The process of evaluating one's ability to cope with or manage the consequences of a potentially stressful event.

Primary Appraisal

The initial process by which an individual evaluates the significance of a situation or event as a potential threat, challenge, or harm to their wellbeing.

Alarm Stage

The first stage of the general adaptation syndrome, in which the person experiences a burst of energy that aids in dealing with the stressful situation.