Which of the Following Would Be Considered a Long-Term Liability

question 45

Multiple Choice

Which of the following would be considered a long-term liability?

• A)A charge accountpayment
• B)A mortgage
• C)An installment loan
• D)An amount due for taxes
• E)The amount due on a credit card

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Definitions:

Communication Channels

The mediums through which information is transmitted from one entity to another, including verbal, non-verbal, and digital pathways.

Win-Win Position

A situation or outcome in which all parties involved gain or benefit in some way.

Democratic Vote

A method of decision-making within a group where each member has an equal say or vote in the outcome.

Collaborative Approach

A method of working together that involves mutual engagement of parties to achieve a common goal through sharing knowledge, learning, and building consensus.