2. Which of the Following Best Describes a Liability

E The need to prove satisfactory work performance. Listed on the left-hand side of a balance sheet D.

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Understanding responsibility or taking responsibility for the actions of others C.

. Which of the following best describes a liability. Which of the following best describes an insureds position regarding coverage under the CGL policy when a product is manufactured in the US. A resource controlled by the entity as a result of past events and from which.

Anything of value owned by the business B. Listed on the left-hand side of a balance sheet d. A Liabilities are a form of share capital.

The stockholders financial liability is limited to a fixed investment amount. Something that a business owes C. - best describes a liability.

Covered only if the policy has been endorsed to extend the coverage territory C. Anything of value owned by the business b. Which of the following best describes a liability.

Officer Owen is in a code 3 pursuit over a minor traffic violation. 1 An excess of equity over current assets 2 Resources to meet financial commitments as they fall due 3 The residual interest in the assets of the entity after deducting all its liabilities 4 A present obligation of the entity arising from past events. Something that a business owes c.

Anything of value owned by the business b. And a claim occurs in Japan. 2 on a question 2.

According to the Organization for Economic Cooperation and. Limited liability discourages entrepreneurs to start new businesses. Liabilities are economic obligations to creditors to be paid at some future date by the company.

Always equal to an asset. Which of the following best describes liability. Always equal to an asset 2 See answers Advertisement.

Taking risks or being in risky situations B. I will then approach the dealer to negotiate the best deal. Which of the following best describes a liability.

Which of the following best describes a liability. Liabilities are future economic benefits to which a company is entitled. Liabilities are a form of share capital.

Which of the following best describes vicarious liability. No coverage because the loss happened outside the US. D Liabilities are economic obligations to creditors to be paid at some future date by the company.

Which of the following best describes limited liability as it relates to a business. Liabilities are accounts receivable of the company. C The number of people supervised by one manager.

Something that a business owes C. If the business fails personal assets of the owners are at risk. Always equal to an asset.

Which of the following BEST describes responsibility. Creditors are entitled to recover outstanding. A The power to make the decisions necessary to complete a task.

A Direct civil liability for the actions of another B Indirect liability for failing to stop criminals C Indirect liability for the actions of another. Listed on the left-hand side of a balance sheet D. During the pursuit the officer runs a red light and collides.

Which of the following best describes a liability. Liabilities are economic obligations to creditors to be paid at some future date by the company Question 2. D The duty to perform an assigned task.

Roman55 17 1 year ago. Week 2 Knowledge Check 1. I will ask for testing and then sign the papers for the final purchase.

Which ONE of the following statements best describes the term liability. Being responsible for or having an obligation to do something. Question 1 1 point which of the following best describes a liability.

Recognizing laws or explaining legal matters to clients D. B Liabilities are future economic benefits to which a company is entitled. B The liability of subordinates for accomplishing tasks assigned by managers.

Something that a business owes c. Anything of value owned by the business B. 2 on a question.

Which of the following best describes a liability. O Liabilities are accounts receivable of the company. Which of the following best defines the term liability.

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Bus 210 Week 2 Knowledge Check Limited Liability Company Knowledge Liability