Which of the Following Liabilities Is Not Contingent

question 52

Multiple Choice

Which of the following liabilities is not contingent?

• A) A liability to replace a specific defective television set already returned to the manufacturer
• B) A liability to pay pension benefits if a specific employee lives to retirement
• C) A liability to pay any adverse judgment for a product liability case currently on appeal
• D) A liability to pay for books received by a college bookstore under terms that allow for the return for full refund of any books not sold

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Definitions:

Perceptual Distortion

A cognitive bias that affects the way we perceive reality, often leading to misinterpretations or inaccuracies in judgments.

Impression Management

The process by which individuals attempt to control or influence the perceptions others have of them, often through managing their own behavior or information in social interactions.

Perceptual Distortion

Occurs when an individual's perception of stimuli (objects, people, situations) is altered by preconceived notions or biases.

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or at the end.