Examlex
Ann Morrison identifies 10 practices considered to be important in dealing with diversity including
Product Warranty Expense
Costs associated with repairing or replacing defective products under warranty.
Replacement Warranty
A guarantee provided to a purchaser of a product that a defective item will be replaced within a specified period of time.
Unfunded Pension Liability
A pension obligation for which sufficient assets have not been set aside, representing a potential future liability for the employer.
Current Liability
A company's debts or obligations that are due to be paid within one year or within the normal operating cycle.
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