Liabilities are claims by people internal to the business.
Understand the Problem
The question is stating a definition or statement about liabilities in a business context, specifically that they are claims by people internal to the business, which generally includes stakeholders such as employees, management, or owners.
Answer
Correct.
The statement is correct. Internal liabilities are claims by people internal to the business, such as stakeholders or employees.
Answer for screen readers
The statement is correct. Internal liabilities are claims by people internal to the business, such as stakeholders or employees.
More Information
Internal liabilities refer to debts or obligations a company owes to its own stakeholders or employees.
Sources
- What are internal liabilities | Quora - quora.com
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