Which of These Would Be Defined as Contingent Liabilities

question 54

Multiple Choice

Which of these would be defined as contingent liabilities?
I. A loan from a financial institution
II. An unresolved lawsuit brought against the entity for breach of health and safety regulations
III. An agreement to act as guarantor for another firm's borrowings
IV. A bank overdraft

• A) I, II, IV
• B) II, III
• C) I, II
• D) I, III

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Definitions:

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A strategic pathway that companies follow to develop and launch new products, technologies, or services, often involving research, development, and testing phases.

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An experience primarily focused on beauty or the appreciation of artistic or natural beauty, impacting emotions and understanding.

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A plan that outlines the goals, target audience, messages, and channels to be used in a marketing or political campaign to achieve desired outcomes.

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The perception that a brand is genuine, honest, and authentic in its dealings and communication with customers.