Difference between revisions of "Liability"
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Latest revision as of 14:34, 25 November 2010
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| Definition: | reservation of some resource to meet commitments |
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| Dictionary Basis: | something for which one is liable: as (1): an amount that is owed whether payable in money,
other property, or services ; MWUD"something for which one is liable: as (1): an amount that is owed whether payable in money, other property, or services ; MWUD" cannot be used as a page name in this wiki. |
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| General concept: | motivation element |
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| Note: | A liability is a reservation of actual resources (materials, finished goods, people’s time, cash,
etc.) to meet commitments, rather than the accounting sense of “liability” (the monetary value of these resources)."A liability is a reservation of actual resources (materials, finished goods, people’s time, cash, etc.) to meet commitments, rather than the accounting sense of “liability” (the monetary value of these resources)." cannot be used as a page name in this wiki. |
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