A Contingent Liability Is Best Described as A(n)

question 86

Multiple Choice

A contingent liability is best described as a(n)

• A)current liability.
• B)probable liability.
• C)potential liability.
• D)estimated liability.

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Definitions:

SOM (Share Of Market)

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Improvise Pauses

Adapting or creating moments of silence or breaks spontaneously in a performance or speech.

Elevator Pitch

A succinct and persuasive sales pitch, ideally short enough to be presented during an elevator ride, designed to introduce an idea, product, or company.

Three-Part Narrative Arc

A story structure consisting of a setup (introduction of characters and their world), a confrontation (with an event that creates the main conflict), and a resolution (where the conflict is resolved).