ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
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two aspects of validity‚ internal validity and external validity. Internal validity refers to an approximate truth about inferences regarding causal relationships. Internal validity is only necessary in circumstances where there is a need to establish a cause and effect relationship. External validity is closely related to generalizing‚ and the ability to generalize a particular study to other people and other situations. This short paper will discuss both internal and external validity‚ and the threats
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each member a chance to present his or her argument for or against the creditability of the website. Ground rules were established and followed. The team made sure an inductive and deductive approached was taken when discussing the credibility and validity of Wikipedia. Each member agreed that Wikipedia is an excellent source for a quick reference. The information found
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Reliability‚ Validity and Accuracy - what do they mean? (To be read in conjunction with an article originally published in Curriculum Support‚ Science‚ 2001 Vol. 6 No. 3) Reliability and validity are two terms that continue to cause problems for teachers and students. Students in Stage 4/5 are required to evaluate evidence for reliability and validity. In Stage 6 they are required to discuss and explain how they would improve the validity and reliability of a first-hand investigation. They could
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Reliability and Validity Researchers tend to be peculiar with how they conduct their study and which study method they choose to implement on their subjects. When various tools are examined for measure in behavioral research‚ researchers tend to prefer high validity and reliability (Rosnow & Rosenthal‚ 2008). To understand this concept‚ one must comprehend the meaning and the difference between reliability and validity and how this applies to human services research. Without the full knowledge
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VALIDITY AND RELIABILITY For the statistical consultant working with social science researchers the estimation of reliability and validity is a task frequently encountered. Measurement issues differ in the social sciences in that they are related to the quantification of abstract‚ intangible and unobservable constructs. In many instances‚ then‚ the meaning of quantities is only inferred. Let us begin by a general description of the paradigm that we are dealing with. Most concepts in the behavioral
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lawsuits and litigation from everyone suing everyone else‚ one must ask the question "where does product liability end and consumer responsibility begin?" This question has been further complicated by occurrences that stretch to the most far-reaching ends of this spectrum‚ the spectrum ranging from strict product liability of the company to complete consumer responsibility. On the strict product liability of the company side‚ we have the cigarette industry where the CEOs of the largest cigarette companies
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A paperless society? Not so fast. By Nicholas A. Basbanes December 8‚ 2013 Predictions of a paperless society have been bandied about for close to half a century‚ driven by an unbridled faith that technology would eliminate the need for something as old-fashioned as record-keeping on pulverized cellulose. There is no denying‚ of course‚ that seismic changes have taken place or that they are everywhere apparent. Technological changes have certainly taken a toll on the pulp and paper industries
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Should Racial Profiling be Practiced? Ever since the September 11th attacks on the World Trade Center‚ America has been on high alert because of terrorists. People are hesitant to get on airplanes because of the other people that they sometimes see on the planes. They sometimes see persons of the same race of those who attacked on September 11 and are skeptical of them. This is known as racial profiling‚ judging a book by its cover. Law enforcement should not be able to use racial profiling as a practice
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TOPIC: WHAT IS TORT‚ AND TORTIOUS LIABILITY ? From a legal standpoint‚ a tort is a private or civil wrong or injury (other than a breach of contract) for which a court of law may provide a remedy through a lawsuit for damages (compensation). For example‚ when a person violates his/her duty to others created under general (or statutory) law‚ a tort has been committed. Tort law relies heavily on the common law‚ the legal opinions of the Courts‚ general trends in the community‚ and legal scholarship
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