Which of the Following Would Be Considered a Long-Term Liability

question 1

Multiple Choice

Which of the following would be considered a long-term liability?

• A)Charge account
• B)Mortgage
• C)Six month cash loan
• D)Tax payment
• E)Insurance premium

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Definitions:

Passive People

Individuals who tend to accept or allow what happens or what others do, often without active response or resistance.

Screening Out

The process of filtering information to ignore or minimize less relevant or distracting messages.

Compromiser

An individual who deals with conflict by finding a middle ground between differing points of view, aiming to partially satisfy all parties involved.

Competitor

An entity that competes against others for the same market share or audience in a particular industry or sector.