A Liability Is Recognized When

question 25

Multiple Choice

A liability is recognized when

• A)the exact due date is known.
• B)it is paid for.
• C)an obligation has arisen.
• D)the exact amount of the liability is known.

---

Definitions:

Competent

Having the necessary ability, knowledge, or skill to perform a task successfully or efficiently.

Social Cognitive Perspective

A theoretical framework in psychology that emphasizes the role of observational learning, social experience, and reciprocal determinism in the development of personality and behaviors.

Behaviorism

A theory of learning that emphasizes the importance of observable actions and behaviors, discounting mental activities.

Psychoanalytic Theory

A psychological framework originated by Sigmund Freud that emphasizes unconscious psychological processes (e.g., desires and fears) in shaping human behavior and personality.