Examlex
Which of the following is an example of response cost?
Liabilities
Financial obligations or debts owed by a business to external parties or individuals, which must be settled over time through the transfer of economic benefits.
Equity
The ownership interest in a company of its shareholders; it represents the amount of assets that would be returned to shareholders if all the company's debts were paid off.
Debt Ratio
A financial ratio that compares the amount of a company’s total debt to its total assets, indicating the leverage level.
Assets
Resources owned by a company or individual considered valuable and can be used to produce positive economic value.
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