Which of the Following Is a Required Condition for a Contingent

question 74

Multiple Choice

Which of the following is a required condition for a contingent liability to exist?

• A)There is a potential liability to an employee of the client.
• B)The amount of the future payment is known.
• C)The liability resulted from known events.
• D)The outcome has been resolved by a current event.

Identify strategies for tailoring products and services to meet customer needs.

Understand the implications of innovation for environmental sustainability and social responsibility.

Understand the eligibility and basic conditions for receiving Social Security retirement benefits.

Comprehend the impact of retirement on personal finances, including work-related expenses and medical expenditures.

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Definitions:

Marketing Patronage

Marketing patronage focuses on the efforts to earn or increase customer loyalty to a brand, store, or supplier through various marketing strategies.

Sustainable Marketing

The effort to meet today’s (global) economic, environmental, and social needs without compromising the opportunity for future generations to meet theirs.

Recycle Marketing

The practice of reusing or repurposing marketing content, campaigns, or materials to reduce waste and increase marketing efficiency.