A Basic Difference Between Contingent Liabilities and "Real" Liabilities Is

question 17

Multiple Choice

A basic difference between Contingent Liabilities and "real" liabilities is:

• A) Liabilities stem from past transactions; Contingent Liabilities stem from future events.
• B) Liabilities always are recorded in the accounting records, whereas Contingent Liabilities never are.
• C) The extent of uncertainty involved.
• D) Liabilities can be large in amount, whereas Contingent Liabilities are immaterial.

Appreciate the importance of evaluating and questioning the effectiveness of interventions and the progress of clients.

Understand the concepts of validity, reliability, and generalizability in social work research and evaluation.

Distinguish between summative and formative evaluations and their importance in the planned change process.

Recognize the role and process of peer review in evaluating the actions taken by social workers.