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 lawsuits and co-signing a note for another entity.
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According to the text, research on women and their typical leadership styles has shown that
A. women tend to have traits and qualities inconsistent with those linked to effective global leadership. B. women tend to empower their subordinates and enhance their potential to excel. C. women tend to see their leadership positions as a chance for exerting control over subordinates. D. women's and men's leadership styles are roughly the same. E. women tend to view leadership as an opportunity to empower themselves at the expense of their subordinates.
When will a court enforce a liquidated damage clause? When will a court refuse to enforce one?
IP is characterized by ________ development costs and very ________ marginal costs.
A. insignificant; low B. significant; low C. expensive; high D. insignificant; high
What are the most successful solutions or methods for achieving a business objective?
A) value activities B) best processes C) core competencies D) best practices E) benchmarks