Which of the Following Describes a Liability

question 22

Multiple Choice

Which of the following describes a liability?

• A) the potential profit from selling a firm's assets and settling all of its debts
• B) a debt owed by a firm to an outside organization or individual
• C) any economic resource expected to benefit a firm or an individual who owns it
• D) any economic deficit expected to cost a firm or an individual who owns it
• E) the amount of money originally invested in a business by its owners

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Definitions:

Expatriates

Employees who are temporarily or permanently living and working in a country other than their native country.

Third-Country Nationals

Employees who are working in a country that is neither their home country nor the country of the company for which they work.

Host-Countries

Nations that host individuals, businesses, or events from other countries, often in the context of international business or sports events.

Hiring

The process of finding, selecting, and employing people to fill job vacancies within an organization.