Examples of Contingent Liabilities Include

question 36

Multiple Choice

Examples of contingent liabilities include

• A)lawsuits requesting the company to pay damages for product liability or patent infringement
• B)product warranty expenses
• C)guarantees of obligations of other parties
• D)liabilities for discounted accounts receivable
• E)income tax extensions
• F)both A and C
• G)both B and E
• H)both D and E

---

Definitions:

Marketing Process

The sequence of actions or strategies that companies use to identify customer needs, create value, and engage customers to promote products or services.

Target Audience

The specific group of consumers most likely to be interested in a company's product or service, identified as part of marketing strategies.

Customers' Needs

The requirements or desires that consumers seek to satisfy when purchasing goods or services.

Internal Publics

Internal Publics are groups within an organization, such as employees or management, that play a role in internal communications and the achievement of the organization's objectives.