Which of the Following Is an Example of a Contingent

question 102

Multiple Choice

Which of the following is an example of a contingent liability?

• A)A lawsuit pending against a restaurant chain for improper storage of perishable food items.
• B)The liability for future warranty repairs on computers sold during the current period.
• C)A corporation's long-term employment contract with its chief executive officer.
• D)A liability for notes payable with interest included in the face amount.

Comprehend the significance of effective communication in the process of compensation management.

Gain knowledge on budgeting for compensation and its variables.

Analyze the effects of compensation cost changes on the organization.

Recognize the challenges in planning for information technology within the context of compensation.

---

Definitions:

Sample Mean

The average value of a sample set of numbers, calculated by adding all the values together and dividing by the number of values.

Confidence Interval

An interval estimate used to infer the reliability of a parameter estimate, such as a mean or proportion, within a population.

Population Mean

The average value of a population attribute.

Population Mean

The average of all the members of a population.