Measurability definition
Measurability means that an item has a relevant attribute that can be quantified in monetary units with sufficient reliability to be reasonably estimable. Liabilities reported in the financial report are measured by different attributes specified by various accounting standards. Several different measurement attributes are used for different items in present practice (e.g., fair market value, current cost, present value, expected value, settlement value, and historical cost).
Measurability means the ability to convert the measured characteristics of a measurement object into a form making it possible to determine its absolute or relative (in comparison with other comparable objects) value in accordance with predetermined rules2.
Examples of Measurability in a sentence
A Design for Measurability engagement involves analyzing a customer's web site management practices and making recommendations to enable more effective use of Personify's analysis capabilities.
Measurability and reproducibility in timetabling research: State-of-the-art and discussion.