Which of the Following Would Be Considered a Known Liability

question 123

Multiple Choice

Which of the following would be considered a known liability?

• A)Federal income tax payable
• B)Warranties payable
• C)Pending litigation
• D)Possible contingency payable

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Definitions:

Vroom-Jago Leader-Participation Model

A decision-making framework that helps leaders to choose how much participation their team members should have in the decision-making process.

Consult-With-Group Option

A decision-making process in which a leader consults a group for their opinions and inputs before making a final decision.

Facilitates Group Discussion

Helps in guiding and managing conversations within a group to promote effective communication and decision-making.

Participative Decision Methods

Management approaches that involve employees or stakeholders in the decision-making process to increase commitment and improve outcomes.