Which Is Not an Example of a Financial Liability

question 29

Multiple Choice

Which is not an example of a financial liability?

• A)Payment to supplier for raw material received.
• B)Obligation to repay a US dollar bank loan.
• C)Obligation under a finance lease.
• D)Obligation under a customer loyalty program.

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Definitions:

Sympathetic Division

A part of the autonomic nervous system that activates what is often termed the fight or flight response.

Parasympathetic Division

A branch of the autonomic nervous system responsible for conserving energy and slowing down the body's responses.

Autonomic Nervous System

A part of the nervous system that controls involuntary functions of the body, such as heart rate, digestion, and respiratory rate.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, associated with higher cognitive processes such as reasoning, planning, parts of speech, movement, emotions, and problem solving.