Examlex
Katherine learns that there may be additional services available to her as part of the Public Housing Primary Care (PHPC) Program. Which of the following statements is MOST accurate in describing the PHPC Program?
Ethical Responsibility
Ethical responsibility refers to the moral obligation to act correctly towards others, including considerations of fairness, justice, and respecting the rights of individuals and the community.
Contingent Liability
A potential liability that has arisen as the result of a past event; it is not a definitive liability until some future event occurs.
Balance Sheet
A financial statement that displays a company's financial position at a specific point in time, listing assets, liabilities, and equity.
Probable
Likely to occur or to be true, often used in accounting to describe the likelihood of a future event affecting financial statements.
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