At What Point Are Assignments Valid

question 23

Multiple Choice

At what point are assignments valid?

• A)Immediately,regardless of notice
• B)One day (twenty-four hours)after the assignment is made
• C)Two days (forty-eight hours)after the assignment is made
• D)One day (twenty-four hours)after notice of the assignment is given
• E)Three days (seventy-two hours)after notice of the assignment is given

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Definitions:

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often accounted for in financial planning.

Remote

Referring to work, operations, or processes conducted away from a central office or location, often facilitated by digital communication technology.

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event.

Reasonably Estimable

A term used in accounting to describe a cost or liability that can be accurately predicted or projected.