The Most Common Type of Liability Is

question 155

Multiple Choice

The most common type of liability is:

• A) One that comes into existence due to a loss contingency.
• B) One that must be estimated.
• C) One that comes into existence due to a gain contingency.
• D) One to be paid in cash and for which the amount and timing are known.

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Definitions:

Anticipating Rewards

The process of expecting or looking forward to rewards, which can drive motivation and behavior toward achieving those rewards.

Personality Psychologists

Professionals who study and assess the variations in personality among individuals, often examining traits, behaviors, and psychological mechanisms.

Motive

An internal driving force that compels individuals to take action toward achieving specific goals.

Approach Motivation

The drive to move towards, or to seek out, positive outcomes or experiences.