A City Should Record a Liability for a Claim from a Citizen

question 6

Multiple Choice

A city should record a liability for a claim from a citizen who files suit because their toddler drowned in the community swimming pool unattended by a lifeguard if

• A) it is probable the lawsuit will be settled.
• B) the amount of the judgment or settlement can be estimated.
• C) the lifeguard has no private insurance to pay the claim.
• D) a and b

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Definitions:

Fewer Layers

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Rapidly Changing Consumer Demands

The swift alteration in consumers’ preferences and needs that businesses must adapt to in order to stay competitive.

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The act of telling or writing narratives or stories, often used as a powerful means of communication, teaching, and entertainment.

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The process by which a new employee learns the organizational values, norms, and required behavior patterns.