Which of the Following Is an Example of a Contingent

question 160

Multiple Choice

Which of the following is an example of a contingent liability?

• A)A liability for notes payable with interest included in the face amount
• B)The liability for future warranty repairs on computers sold during the current period
• C)A lawsuit being threatened but not yet filed against a restaurant chain for improper preparation of food
• D)A corporate long-term employment contract with the chief executive officer

Understand the process and benefits of systematically setting goals for balancing personal and professional life.

Recognize the significance of writing formal goal statements as a tool for clarifying and achieving objectives.

Understand different types of research designs (e.g., experimental, prospective observational study, and retrospective observational study).

Identify the key elements of an experimental design, including random assignment, control groups, and blinding.

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Definitions:

Bounce Back

The ability to recover quickly from difficulties; resilience.

Adapt

To make suitable adjustments to new conditions or a different environment in order to improve functionality or survival.

High Crime Area

A geographic location with a significantly higher rate of criminal activity compared to surrounding areas.

Resilience

The ability of an individual to adapt and recover from adversity, stress, or challenging life events.