Which Statement About Contingencies Is Correct

question 83

Multiple Choice

Which statement about contingencies is correct?

• A)It involves only potential economic outflows of resources.
• B)It is a possible condition that depends upon the outcome of a future event.
• C)It involves uncertainty about either the timing or amount of payment.
• D)It is an existing condition that depends upon the outcome of a future event.

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Definitions:

Liberals

Individuals or political parties advocating for policies that emphasize individual freedoms, social justice, and progressive reform.

Conservatives

Individuals or political factions favoring traditional views and values, advocating for minimal governmental intervention in the economy and society.

Socialists

People who advocate for socialism, a political and economic theory of social organization advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Federalists

Supporters of the ratification of the U.S. Constitution, advocating for a strong federal government and the creation of a union of states with a centralized authority.