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Liability -noun, plural -ties. 1. liabilities, a. moneys owed; debts or pecuniary obligations (opposed to assets ). b. Accounting. liabilities as detailed on a balance sheet, esp. in relation to assets and capital. 2. something disadvantageous: His lack of education is his biggest liability. 3. Also, li⋅a⋅ble⋅ness. the state or quality of being liable: liability to disease.
Responsible:
1. answerable or accountable, as for something within one's power, control, or management (often fol. by to or for): He is responsible to the president for his decisions. 2. involving accountability or responsibility: a responsible position. 3. chargeable with being the author, cause, or occasion of something (usually fol. by for): Termites were responsible for the damage. 4. having a capacity for moral decisions and therefore accountable; capable of rational thought or action: The defendant is not responsible for his actions. 5. able to discharge obligations or pay debts. 6. reliable or dependable, as in meeting debts, conducting business dealings, etc. 7. (of a government, member of a government, government agency, or the like) answerable to or serving at the discretion of an elected legislature or the electorate.
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What is the difference between corporate governance and corporate social responsibility?
Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.
What is the difference between responsibility and accountability with reference to delegate?
You can delegate responsibility, but you can't delegate accountability to anyone.If someone gives you a job to do, you can get someone else to do it, but you are still accountable to produce the results. If the job isn't done right the only person to blame is you, because even though you've delegated the responsibility, you are still accountable.
What is the difference between delegation and empowerment?
Delegation you are given a task to complete, empowerment you have been given ownership and responsibility and accountability. in delegation what i need from you and in enpowerment what do you need from me?
What is the difference between responsibility and accountability with regards to delegation?
Responsibility refers to the obligation to complete a task or duty, while accountability involves being answerable for the outcomes of that task. In delegation, a manager assigns responsibility to a team member to execute a specific task, but remains accountable for the overall results. This distinction underscores that while the delegated individual is responsible for carrying out the task, the manager retains ultimate accountability for its success or failure.
What is the difference between authority and responsibility in a business?
responsibility is that things which you must do
Is accountability a characteristic of nursing?
Accountability is a characteristic of all professions. In addition, responsibility, and accountability are tightly coupled.
How do you use responsibility and accountability in a sentence?
The word responsibility is a noun which means liability, charge, obligation, duty, trust, or accountability. The word accountability is a noun which means liability, charge, amenability, blame, trust, or responsibility. Example sentences: I had the responsibility for ensuring that all patients' records were kept accurately. I accepted accountability for the patient's records that were misfiled.
What is another big word for responsibility?
Accountability
What is A key component of professional responsibility?
Accountability
What is the difference between an assignment and a delegation?
Assignment means the person transferred the rights under a contract to a third party.Delegation means the person transferred the duties to a third party.
How do you spell responciblity?
The correct spelling is "responsibility" (accountability, or reliability).
What are the three stages of accounting?
Responsibility,Empowerment, Accountability
