Which of the Following Is True of a Contingent Liability

question 146

Multiple Choice

Which of the following is true of a contingent liability?

• A)It is a potential liability that depends on a future event.
• B)It is an actual liability that is difficult to estimate.
• C)It is an actual liability that depends on a past event.
• D)It is a liability resulting from a lawsuit settled in court.

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Definitions:

Measurable Goals

Targets or objectives set in a specific, quantifiable, and time-bound manner, allowing for the tracking of progress and achievement.

Time Frame

A period of time during which certain events occur or conditions apply; it may refer to past, present, or future durations.

Collaborative Change Plan

A client-centered approach used in therapy where therapist and client work together to develop strategies for change.

Counselor Communication

Refers to the methods and skills used by counselors to effectively convey information, advice, or guidance to clients.