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babunello [35]
3 years ago
15

Contingent Liabilities must have the following criteria (select all that apply): Select one or more: A. The obligation is certai

n to require payment at some point in the future. B. The obligation will probably require payment at some point in the future. C. The obligation is estimable. D. The obligation will possibly require payment at some point in the future. E. None of the above
Business
1 answer:
Leya [2.2K]3 years ago
3 0

Answer: Option B and C

                                     

Explanation: In simple words , contingent liabilities refers to the liabilities the occurrence of which depends on the happening of an event that may or may not occur in the future.

These are recorded in the accounts only when  the payment is to be made in future and that payment could be reasonably estimated.

Hence the correct option is B and C

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Classical or scientific management was developed by Frederick Taylor, Max Weber and Henri Fayol. It focused on material needs. Companies needed to improve profits by improving productivity and efficiency, while workers were supposed to be only motivated by the salary that they could earn. This theory has a lot of flaws, but you must remember that it was developed more than 100 years ago.

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