Which Is Not a Liability to a Nonfinancial Firm

question 41

Multiple Choice

Which is not a liability to a nonfinancial firm?

• A)bonds outstanding
• B)long-term mortgage loans owed
• C)short-term debts
• D)demand deposits held at the local bank

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Definitions:

Individual Transferable Quotas

Regulatory tools that limit the volume of resources, such as fish, that an individual or company is authorized to catch or harvest.

Enforceable

Capable of being imposed or upheld by law or rule, ensuring compliance or obedience.

ITQs

ITQs, or Individual Transferable Quotas, are regulatory tools used in fisheries management, allowing for the control of total harvest quantities while allocating specific portions to individuals or entities.

Pacific Halibut

Pacific Halibut refers to a species of flatfish that is commonly found in the North Pacific Ocean, highly valued for commercial and recreational fishing.