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A company that processes wheat varies the milling time (short, medium and long) and bleaching (no bleaching and bleaching) and measure fiber content (gms/100 grams) of the resulting wheat product to determine the best combination for a desirable wheat product.Which of the following is true about this study?
Legal Obligation
A duty enforceable by law, deriving from statutes, contracts, or legal precedents.
Equitable Obligation
An obligation based on fairness, ethics, or natural law, rather than on a contractual or legal requirement.
Present Obligation
An obligation that arises from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.
Contingent Liability
A potential financial obligation that may arise in the future, depending on the outcome of a specific event.
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