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The changing workforce is one of the emerging trends in organizational behaviour. Describe how the workforce is changing and briefly identify two consequences of these changes for organizations.
Current Liabilities
Short-term financial obligations that are due within one year or within the company's operating cycle, whichever is longer.
Contingent Liability
A potential financial obligation that may occur in the future depending on the outcome of a specific event.
Probable Event
An event that is likely to occur based on current evidence or past experience.
Estimable Amount
A quantifiable sum that can be accurately predicted or approximated in the accounting records.
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