DURATION DRIVERS Definition

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DURATION DRIVERS represent the amount of time required to perform an activity.

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PRODUCTIVITY is a measured relationship of the quantity and quality of units produced and the labor required per unit of time.

CONTINGENCY is an existing condition involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) that will be resolved by future events. Estimates, such as the useful life of an asset, are not contingencies. Eventual expiration of the asset's utility is not uncertain.

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