An Estimated Liability

question 198

Multiple Choice

An estimated liability:

• A) Is a liability that may occur if a future event occurs.
• B) Is not recorded until the amount is known for certain.
• C) Can be the result of a lawsuit.
• D) Is an unknown liability of a certain amount.
• E) Is a known obligation of an uncertain amount that can be reasonably estimated.

Understand the use and objectives of virtual teams.

Recognize the importance of gender diversity in enhancing team productivity.

Explain the concept and application of 360-degree feedback in performance appraisal.

Identify issues related to performance evaluations.

---

Definitions:

Radius

A bone in the forearm that extends from the lateral side of the elbow to the thumb side of the wrist, also refers to the half-length of a circle's diameter.

Tibia

The inner and typically larger of the two bones between the knee and the ankle in vertebrates, parallel with the fibula.

Friction

The resistance that one surface or object encounters when moving over another.

Scales

Small, rigid plates that grow out of an animal's skin to provide protection. In fish and reptiles, scales perform this protective function.