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:

Contusion

A bruise resulting from a blunt impact, causing bleeding under the skin without breaking the skin's surface.

Rule of Nines

A method used in the assessment of burns, dividing the body into sections of 9% (or multiples thereof) to estimate the total area affected.

Sunburn

Damage to the skin resulting from excessive exposure to ultraviolet (UV) radiation, usually from the sun, causing redness, pain, and sometimes blistering.

Third Degree

Relates to the most severe classification of burns, involving full thickness damage through all layers of the skin, leading to significant injury.