Potential Liabilities That Depend on Future Events Arising Out of Past

question 28

Multiple Choice

Potential liabilities that depend on future events arising out of past events are called:

• A)actual liabilities.
• B)contingent liabilities.
• C)estimated liabilities.
• D)long-term liabilities.

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Definitions:

Overbounded

A term not commonly defined in the referenced knowledge bases, possibly referring to the concept of over-limiting or excessively defining boundaries. NO.

External Ties

Connections or relationships that a person or organization maintains with external entities or individuals outside their immediate group or organization.

Faultline

The hypothetical dividing line that may split a group into subgroups based on one or more attributes, potentially leading to conflict or decreased group cohesion.

Demographic Characteristics

The statistical characteristics of human populations, such as age, race, gender, income, education, and employment, used for identifying and analyzing population segments.