What is a contingent liability? Provide two examples of contingencies.
What will be an ideal response?
A contingent liability is a potential, rather than an actual, liability because it depends on a future
event. For a contingent liability to be paid, some event (the contingency) must happen in the future. Two
examples of contingencies are pending lawsuits and co-signing a note for another entity.
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Typically, small companies have small service desks, while large companies have large service desks.
Answer the following statement true (T) or false (F)
Why is integrated marketing communications important to marketers?
What will be an ideal response?
Mona Farrow has $2,000 of liquid assets and $12,000 of take-home pay. Mona has two months of liquid reserves and most financial advisors would consider this inadequate
Indicate whether the statement is true or false.
Criminal acts under the Privacy Act are felonies
a. True b. False