Which of the Following Would Best Describe a Contingent Liability

question 50

Multiple Choice

Which of the following would best describe a contingent liability?

• A) An obligation to transfer services instead of cash to settle a liability
• B) an obligation where the costs will be covered by insurance
• C) an obligation with a high degree of uncertainty about the amount or timing of the payment
• D) an obligation with a low degree of uncertainty about the amount or timing of the payment

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Definitions:

Indigenous Health Systems

Traditional healing practices and beliefs utilized by indigenous communities, often based on holistic and ancestral knowledge.

Psychotic

Relating to psychosis, a mental disorder characterized by a disconnection from reality, often manifesting as hallucinations or delusions.

Neurotic

Relating to, affected by, or characteristic of neurosis, a class of functional mental disorders involving distress but neither delusions nor hallucinations.

Culture-bound Syndromes

Mental, emotional, or behavioral conditions that are specific to or strongly associated with particular cultural groups.