What Are Liabilities

question 233

Multiple Choice

What are liabilities?

• A)anything of value owned by a person or a business
• B)anything a person or a business owes to entities outside the business
• C)the total cost of labor for a firm
• D)only those unpaid expenses for which a business or person is making interest payments

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Definitions:

Consequences

The outcomes or effects that naturally follow from specific actions or behaviors, often used in the context of understanding behavioral motivations.

Groceries

Items of food or household supplies purchased from a store.

African Americans

A racial or ethnic group in the United States with ancestors from Black racial groups of Africa.

Non-Hispanic White Americans

People living in the United States who consider themselves to be of white race and do not identify as Hispanic or Latino.