An Existing Condition, Situation or Set of Circumstances That Involves

question 8

Multiple Choice

An existing condition, situation or set of circumstances that involves uncertainty as to a possible gain, that will be resolved when one or more future events occur or fail to occur is:

• A)estimated value.
• B)projected event.
• C)a contingent asset.
• D)a contingent liability.

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Definitions:

Financial Opportunities

Prospects or avenues available for generating income or investing to achieve financial growth.

Outsourcing

The practice of obtaining goods or services from an outside or foreign supplier, especially in place of an internal source.

Rapport

A harmonious relationship characterized by mutual understanding, trust, and emotional affinity.

Direct and Indirect

Refers to methods of communication or influence, with direct being straightforward and to the point, while indirect is more subtle or not explicit.