Potential Liabilities That Depend on Future Events Arising Out of Past

question 108

Multiple Choice

Potential liabilities that depend on future events arising out of past events are called:

• A)long- term liabilities.
• B)estimated liabilities.
• C)actual liabilities.
• D)contingent liabilities.

---

Definitions:

Gaming Consoles

Dedicated electronic systems designed to play video games, typically connecting to a display device such as a television or monitor.

Decision Variable

A variable in mathematical modeling or decision making that is subject to choice within a set of possible values.

Hybrid Models

Combines two or more different modeling techniques to gain the benefits of each, often used in forecasting and predictions.

Shadow Price

A monetary value assigned to currently unpriced goods or services, reflecting the opportunity cost of reallocating resources.