Which Statement Is Not Correct

question 6

Multiple Choice

Which statement is not correct?

• A)Contingencies arise from future events.
• B)The amount to be paid for contingencies is determined by future events.
• C)Current liabilities arise from past events.
• D)The amount to be paid for current liabilities is known or reasonably estimable.

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Definitions:

Validity

The extent to which performance on a measure (such as a test score) is related to what the measure is designed to assess (such as job performance).

Relevant

Pertaining to or connected with the matter at hand; applicable or significant to the topic being discussed.

Paired-comparison Method

A technique in performance appraisal where an employee's performance is compared directly with that of another employee.

Consistency

The quality of always behaving or performing in a similar manner, allowing for reliability and predictability.