A Provision Is a Liability of Uncertain Timing or Amount

question 276

True/False

A provision is a liability of uncertain timing or amount.

---

Definitions:

Initial Selection

The early stage of a recruitment process where candidates are screened based on preliminary criteria before advancing to more in-depth evaluation phases.

Application Form

A document that individuals fill out when seeking employment or applying for services, containing personal and professional information.

Achievement Test

A standardized test designed to assess a person's knowledge, skills, or proficiency in a specific area or subject.

Civil Services Exam

A competitive examination in various countries for recruitment to various Civil Services of the government.