Abstract Language has been a way for all to interact with everyone. It has been used to keep ideas‚ emotions‚ laws and social correctness intact for all cultures. Latin was the original language that was used to communicate amongst all cultures. Now societies today used a variety of vernacular languages such as‚ Spanish‚ Italian and English. In many cultures knowing more than one language is considered a high value. All aspects of culture‚ society and education were impacted during the
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92. COMELEC Employees’ Walk-Out. technicians of the Commission on Elections walked out of their jobs after they were ordered to cheat the election returns in favor of President Marcos. 93. Military mutiny. February 23‚ 1986. Defense Minister Juan Ponce Enrile and AFP Vice Chief People administration. administration soldiers. Two days after‚ President Marcos went on exile to Hawaii. 94. Oath-taking of Corazon C. Aquino‚ the senator’s widow‚ and Salvador H. Laurel as President and
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Accounting Principles The general rules and concepts that govern the Accounting filed are referred to as the Principles of Accounting. The Financial Accounting Standards Board (FASB) using the groundwork of principles and guidelines has formulated these rules. They lay the foundation for sound and ethical accounting practices. The GAAP (Generally accepted accounting principles or "GAAP") consists of three important sets of rules: • The underlying accounting principles • The rules and standards
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Chapter 2—The External Environment: Opportunities‚ Threats‚ Industry Competition‚ and Competitor Analysis TRUE/FALSE 1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment. ANS: F PTS: 1 DIF: Medium REF: 36 OBJ: 02-01 TYPE: comprehension NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment 2. The external environment facing business stays relatively
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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Marco Polo was born in 1254 in Venice‚ Italy‚ in a wealthy and merchant family. In 1260‚ the first journey east of Marco Polo’s father and uncle‚ Nicolo and Maffeo Polo‚ set out and they arrived at the court of Kublai Khan in 1265. The Polos brought 100 European priests to Kublai Khan according to the suggestion and they returned to Venice in 1269. In 1271‚ Marco Polo had his first journey when he was 15 years old after his mother’s death. He departed with his father and uncle to China and they
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The sun was so bright it woke me up. The window next to me brought in cool wind. The king died from one of the many rules of the great and deiced Hammurabi. I thought Hammurabi made these rules were made to protect the weak. Now because of that our kind king has died because of his selflessness. Why did he have to leave us so soon? A warm tear escaped my eye and rolled down my cheek. He was trying to protect an innocent widow. The traveler refused to back down and they started to fight. He accidently
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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