Which of the Following Is Least Likely to Have a Liability

question 10

Multiple Choice

Which of the following is least likely to have a liability called Deferred Revenue?

• A) An insurance company
• B) A retailer
• C) A magazine subscription company
• D) A university or college

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Definitions:

Diagnose

The process of identifying the nature or cause of a certain phenomenon, often applied to finding out the reasons behind a problem or condition.

Informal Groups

Groups that form naturally within an organization based on personal relationships or shared interests, as opposed to being formally structured by the organization.

Organizational Goals

The objectives a company aims to achieve, which guide its operational activities and strategic planning.

Undesirable Power

Influence or control that is used negatively, causing harm or coercion without regard for ethical standards or consent.