Examlex
If the total quality management approach is employed to determine the level at which budgeted amounts are set,then absolute efficiency is assumed.
Underestimating Cost
The act of calculating or predicting a cost to be lower than it eventually turns out to be.
Personally Liable
The legal responsibility of an individual to fulfill a debt or obligation from their own assets.
Partnership Debt
Financial obligations for which all partners in a partnership are jointly and severally liable.
New Ovens
Recently manufactured or acquired cooking appliances designed for baking, heating, or drying food.
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