According to the IASB Current Proposed Definition, Which of the Following

question 67

Multiple Choice

According to the IASB current proposed definition, which of the following is NOT an essential characteristic of a liability?

• A)It exists in the present time.
• B)There is certainty about the amount of future outflows.
• C)The obligation is enforceable on the obligor entity.
• D)It represents an economic burden or obligation.

Recognize the impact of cognitive styles on decision making and problem-solving approaches.

Grasp the fundamentals of crisis management and proactive strategies for crisis prevention and resolution.

Acknowledge the role of information and perspectives in effective decision-making during crises.

Identify the characteristics of and approaches to programmed and nonprogrammed decisions.

---

Definitions:

Table Records

Individual rows in a database table, each containing unique information.

Backup Table

A duplicate of a database table used to safeguard original data against loss, corruption, or errors.

Make-Table Query

A type of query in a database system that creates a new table and populates it with data selected from one or more existing tables.

Current Database

Refers to the database that is currently being accessed or manipulated within a database management system.