Examlex
The essential characteristics of a liability under the definition in the Conceptual Framework are:
I. Settlement requiring an outflow of resources embodying economic benefits.
II. A present obligation to an external party.
III. A legal debt.
IV. The obligation must have resulted from past events.
Average Age
The mean value of the ages of individuals in a particular group, calculated by summing their ages and dividing by the number of individuals.
Sampling Frame
The list or database from which a sample is drawn for a study, containing all the elements that define the population.
Quality Control
The practice of maintaining standards in manufactured products by testing a sample of the output against the specification.
Systematic Sampling
A method of sampling where members of a population are selected at regular intervals to form a sample.
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