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.

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Definitions:

Lagrange Multiplier

A method used in optimization to find the local maxima or minima of a function subject to constraints.

Total Revenue

The total income generated by a business from the sale of goods or services, before any expenses are subtracted.

Available Suites

The number of accommodations or units that are ready for occupancy at any given time, typically used in hospitality or real estate context.

Integer Models

Mathematical models in operations research where the solution variables are required to be integers, often used in decision-making for optimal allocation and scheduling.