Which of the Following Is Not Considered a Characteristic of a Liability

question 24

Multiple Choice

Which of the following is not considered a characteristic of a liability?

• A)Present obligation.
• B)Arises from past events.
• C)Results in an outflow of resources.
• D)Liquidation is reasonably expected to require use of existing resources classified as current assets.

Distinguish between settlement patterns of black American subgroups.

Know the birth state of President Barack Obama.

Compare education and income levels among Afro-Caribbeans, African immigrants, and African Americans.

Understand the impact of political administrations on African American communities and civil rights.

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Definitions:

Operating Procedures

Established methods or protocols outlining the steps to be followed in conducting certain processes or activities within an organization.

Equipment and Facilities

The tools, machinery, and infrastructure required for the production of goods or the provision of services.

Legal Implications

Refers to the possible consequences or effects that actions or decisions might have under the law.

Admissions

The process or act of allowing someone to enter a place, institution, or organization, often based on certain criteria or requirements.