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

question 19

Multiple Choice

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

• A)charge account payment
• B)mortgage
• C)six month personal loan
• D)amount due for taxes
• E)amount due on a credit card

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Definitions:

Venturi

Robert Venturi was an influential American architect who contributed to the complexity and contradiction in architecture, advocating for the inclusion of historical references and ornamentation in buildings.

Economic Mobility

The ability of an individual, family, or some other group to improve (or lower) their economic status—usually measured in income.

Poverty Line

A threshold set by an authority, distinguishing the minimum level of income required to meet basic living needs.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or geographic area.