Which of the Following Is True of a Contingent Liability

question 146

Multiple Choice

Which of the following is true of a contingent liability?

• A)It is a potential liability that depends on a future event.
• B)It is an actual liability that is difficult to estimate.
• C)It is an actual liability that depends on a past event.
• D)It is a liability resulting from a lawsuit settled in court.

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Definitions:

Primary Health Care

The first level of contact individuals, families, and communities have with the healthcare system, emphasizing preventive and primary care.

Stressful Psychological Problems

Issues or conditions that affect mental health and are characterized by significant stress or distress to the individual, often requiring professional intervention.

Social Problems

Issues within a society that affect a significant number of people and require collective action to solve.

Counsellor

A professional who provides guidance and advice on personal, social, or psychological problems.