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Which of the following is the proper term for an organization's financial commitment?
Suggested Answer: B
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4 comments · newest first
JE
Jennie
38 minutes ago
I'm a bit confused between "costs" and "liabilities." I know costs are expenses, but do they count as commitments?
MO
Monroe
5 days ago
I practiced a similar question where "liabilities" was the correct answer for financial commitments. I hope that holds true here too!
TA
Tamra
10 days ago
I feel like "debt" could also be a contender here, but it seems more specific than what the question is asking.
AN
Anika
16 days ago
I think the term we're looking for is "liabilities," but I'm not entirely sure. I remember it being related to what the organization owes.