An Event Such as the Olympics Requires ______________To Provide Money

question 36

Multiple Choice

An event such as the Olympics requires ______________to provide money or in -kind contributions and receive recognition in return.

• A)consultants
• B)sponsors
• C)sales representatives
• D)caterers

---

Definitions:

Financial Liability

An obligation to deliver cash or another financial asset to another entity, or to exchange financial instruments under potentially unfavorable conditions.

Offset Conditions

Conditions that allow entities to negate or counterbalance one position with another, commonly used in accounting and finance to manage risk or net-off liabilities against assets.

Different Financial Instruments

Various types of investment assets, including stocks, bonds, derivatives, and mutual funds, that provide a way for individuals and businesses to invest, finance operations, or manage risk.

Financial Instrument

A contract that leads to the creation of a financial asset for one party and results in a financial liability or equity instrument for another party.