Which of the Following Is Not Necessarily a Liability

question 69

Multiple Choice

Which of the following is not necessarily a liability?

• A)Provision for holiday pay.
• B)Bank overdraft.
• C)Loan to employee.
• D)None of the above, i.e., all are necessarily liabilities.

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Definitions:

Oligopoly

A form of industry (market) structure characterized by a few dominant firms. Products may be homogeneous or differentiated.

Differentiated Products

Goods or services that are distinct from others based on quality, features, and branding to compete in the market.

Industry Entry

The process by which new companies or businesses begin to compete in an existing market.

Oligopoly

A market structure characterized by a few companies controlling the majority of market share, which can lead to limited competition.