Which of the Following Is an Example of a Long-Term

question 10

Multiple Choice

Which of the following is an example of a long-term liability?

• A) Stock
• B) Bond
• C) Marketable security
• D) Eurodollar
• E) Trade credit

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Definitions:

Tangible Attributes

The physical and measurable characteristics of a product, such as size, color, weight, and texture.

Intangible Attributes

Attributes of a product or service that are intangible and unquantifiable, including elements like brand prestige or the level of customer service.

Durable Goods

Durable goods are items with a long life expectancy, such as appliances, cars, or furniture, that are used over time rather than being quickly consumed or disposed of.

Nondurable Goods

Items that are consumed or wear out quickly and have a short lifespan, such as food, beverages, and paper products.