Examlex
Which one of the following statements about the critical path method (CPM) is TRUE?
Provisions
Liabilities of uncertain timing or amount, set aside for known obligations or expenditures that are likely to occur.
Liabilities
Financial obligations or debts a company owes to external parties that must be settled in the future.
Uncertain Timing
Refers to the ambiguity or unpredictability associated with the timing of an event or outcome, often affecting planning and decision-making processes.
Uncertain Amount
An Uncertain Amount refers to a value or quantity that is not fixed or precisely determined, often due to volatility or incomplete information.
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