A Customer Is Injured Using a Company's Product

question 88

Multiple Choice

A customer is injured using a company's product.The potential liability that may result is called a(n)

• A)contingent liability.
• B)estimated liability.
• C)definitely determinable liability.
• D)estimated warranty liability.

---

Definitions:

IPM Approach

Integrated Pest Management (IPM) is a sustainable approach to managing pests by combining biological, cultural, physical, and chemical tools in a way that minimizes economic, health, and environmental risks.

Ecological Approach

A perspective or method that emphasizes understanding complex environmental systems and their interactions, often aimed at sustainability.

Capital Acquisitions Ratio

A measure used to evaluate a company's ability to fund its investment in fixed assets using cash from operating activities.

Outside Financing

Outside financing is the capital a company raises from external sources, such as bank loans, private investors, or public offerings, to fund its operations, growth, and investments.