Which of the Following Is Not to Be Considered Considered

question 73

Multiple Choice

Which of the following is not to be considered considered when evaluating whether or not to record a liability for pending litigation?

• A)Time period in which the underlying cause of action occurred.
• B)The type of litigation involved.
• C)The probability of an unfavorable outcome.
• D)The ability to make a reasonable estimate of the amount of the loss.

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Definitions:

Group Polarization

The phenomenon where the attitude of a group becomes more extreme than the initial attitude of its members following group discussions.

Outgroups

Groups of people not belonging to the main or dominant group, often perceived as different or outside the main group.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, often observed following group discussions.

Reinforcement

In behavioral psychology, a process by which a behavior is strengthened or made more likely to occur again by rewards or consequences.