Match the Following Items with the Appropriate Designation (Estimated Liability

question 111

Multiple Choice

Match the following items with the appropriate designation (Estimated liability, Contingent liability, or Known liability) .
-Lawsuit against the company

• A)Contingent liability
• B)Estimated liability
• C)Known liability

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Definitions:

Administrative Law Judge

A government official who conducts hearings and makes decisions on disputes involving administrative law.

Contested Claim

A claim, often in the context of insurance or benefits, that is disputed or challenged by a party involved, requiring additional evidence or adjudication.

Security

Measures and protocols implemented to protect an organization from external and internal threats.

Progressive Disciplinary Policy

A progressive disciplinary policy outlines a series of escalating actions or penalties applied to address employee performance or behavior issues, ideally to correct those issues over time.