All of them represent liabilities that must be paid back at some specified point in the future.
<h3>What are liabilities?</h3>
Liabilities are financial obligation of a company that results in the company's future sacrifices of economic benefits to other entities.
There are various reason why a company would incur liabilities:
- Human error.
- Environmental damage.
- Defective product/work.
- Natural hazards.
Hence, all of the above represent liabilities that must be paid back at some specified point in the future.
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There are three (3) types of income: Earned Income, Portfolio Income and Passive Income.
Earned Income - a type of income that is generated through work (e.g. salary)
Portfolio Income - These income are somewhat called "capital gains" because it is where the state gets salary taxes. This type of income is generated through selling investments in a higher price that you paid.
Passive Income - This type of income is generated through your assets that you have created. Like for instance, you bought a house and let it rent to earn an income.
Answer:
A bachelor's degree is the minimum amount of education required to become a bio-technician.
Explanation:
Answer:
When Larry and Bobbie first opened the bakery, labour allocation was not as complicated, but only 2 of them were involved. Larry used to make the cupcakes, and Bobbie used to decorate them to create them seem nice. Merritt's then went on to commit and administer the firm instead of executing tasks, which they used to perform on a daily basis since there were administrators, sales associates, and marketers.
When the firm began to grow, there was a command structure in place, with employees reporting directly to Larry as well as Bobbie. Merritts began recruiting additional executives as the business's effectiveness began to deteriorate as the firm grew, and management was constricted. When new employees joined the leadership team only a few people used to notify Larry and Bobbie.
Answer: A. Allen is in violation of the Standard relating to record retention.
Explanation:
The option that's most likely true is that Allen is in violation of the Standard relating to record retention.
It should be noted that records retention has to do with the safeguarding of important records in the organization.
Since he reconstructed a few research reports on companies that he covered during his former employment after starting his own research, he violated the standard relating to record retention
