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Lawrence starts his presentation on a new project by comparing the project to a baby. He states that just as parents are careful while taking care of a new baby, managers should be careful during the initial stages of a project. In the given scenario, which of the following types of hooks does Lawrence use to open his presentation?
Financial Liability
An obligation to transfer cash or other resources as a result of past transactions or events.
Contractual Obligation
A contractual obligation is a duty or responsibility that one party is legally bound to perform under a contract agreement with another party.
Cash Consideration
Payment made in cash during a transaction, as opposed to stock exchange or other non-cash assets.
Amortised Cost
A financial valuation technique that gradually writes off the initial cost of an asset over a period, or the method of allocating the cost of an intangible asset over its useful life.
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