Which of the Following Is TRUE of a Contingent Liability

question 60

Multiple Choice

Which of the following is TRUE of a contingent liability?

• A)It is a liability resulting from a lawsuit settled in court.
• B)It is an actual liability that depends on a past event.
• C)It is an actual liability that is difficult to estimate.
• D)It is a potential liability that depends on a future event.

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Definitions:

Free Association

An approach in psychoanalysis where the patient expresses thoughts openly and without filtering to uncover the workings of the unconscious mind.

Hypnosis

A focused state resembling trance, characterized by heightened suggestibility, commonly utilized for therapeutic goals.

Projective Tests

Psychological assessments where subjects respond to ambiguous stimuli, revealing hidden emotions, desires, and conflicts.

Repressed Memories

Memories of traumatic events unconsciously blocked from conscious awareness, often considered to be a defense mechanism.