If a Liability Is Dependent on a Future Event It

question 23

Multiple Choice

If a liability is dependent on a future event it is called a

• A) potential liability.
• B) hypothetical liability.
• C) probabilistic liability.
• D) contingent liability.

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Definitions:

Strikes

A work stoppage caused by the mass refusal of employees to work, typically aiming to enforce specific demands regarding their employment condition.

CIO

Can refer to Chief Information Officer, a senior executive responsible for managing an organization's information technology strategy. It also can denote the Congress of Industrial Organizations, a federation of labor unions in the United States.

AFL

The American Federation of Labor (AFL) was a national federation of labor unions in the United States, founded in 1886, focused on advocating for fair labor practices and workers' rights.

AFL

American Federation of Labor, a national federation of labor unions in the United States which aims to improve employment conditions.