Which Type of Contingency Are Companies Most Likely to Disclose

question 14

Multiple Choice

Which type of contingency are companies most likely to disclose in their annual report?

• A) warranty
• B) litigation
• C) insurance
• D) government investigations

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Party's Approach

The method or strategy adopted by a group involved in negotiations or any form of interaction.

Culturally Responsive Strategies

Approaches designed to respect and cater to the differences in norms, values, and practices among various cultural groups, especially in educational, social, and business contexts.

Negotiator

A person involved in discussions aimed at reaching an agreement or resolving a dispute.