What Are Liabilities

question 233

Multiple Choice

What are liabilities?

• A)anything of value owned by a person or a business
• B)anything a person or a business owes to entities outside the business
• C)the total cost of labor for a firm
• D)only those unpaid expenses for which a business or person is making interest payments

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Definitions:

Gene Therapy

A technique that involves modifying or manipulating genes to treat or prevent disease.

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology to alter its characteristics in a particular way, often to enhance desired traits.

Endoplasmic Reticulum

An organelle within the cytoplasm of a cell.

Cytoplasm

The gel-like substance inside the cell membrane, excluding the nucleus, containing organelles and responsible for important cellular processes.