Which of the Following Is a Financial Liability

question 49

Multiple Choice

Which of the following is a financial liability?

• A)A magazine publisher's obligation to provide the magazine monthly for an agreed upon period.
• B)Warranties.
• C)Accounts payable.
• D)Income taxes payable.

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Definitions:

Equilibrium

A state of balance or stability, often referring to a chemical reaction being in a state where reactants and products are formed at the same rate.

Strategic Fit

The alignment between an organization's strategic goals and its resources, processes, and capabilities.

Value Chain

A business model that describes the full range of activities needed to create a product or service, from conception to delivery.

Functional Goals

Objectives set within an organization that are specific to a particular department or function, aimed at improving its efficiency or effectiveness.