Chapter 7 pgs.182-194 The Rise of Cultural Nationalism Patterns of Education • Republican vision included enlightened citizenry‚ wanted nationwide system of free public schools to create educated electorate required by republic • By 1815 no state had a comprehensive public school system‚ schooling primary by private institutions open only to those who could pay o Most were aristocratic in outlook‚ trained students to become elite. Few schools for poor • Idea of “republican mother” to train
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CHAPTER 7 FLEXIBLE BUDGETS‚ DIRECT-COST VARIANCES‚ AND MANAGEMENT CONTROL 7-1 Management by exception is the practice of concentrating on areas not operating as expected and giving less attention to areas operating as expected. Variance analysis helps managers identify areas not operating as expected. The larger the variance‚ the more likely an area is not operating as expected. 2. Two sources of information about budgeted amounts are (a) past amounts and (b) detailed engineering studies
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Solution sto Chapter 2 Problems Accounting Judgements Questions 1. Accounting principles include: (a) Underlying assumptions – basic underlying assumptions that make accounting possible. (b) Qualitative criteria – standards to judge policy choices in conjunction with reporting objectives. (c) Measurement methods – ways to measure results and financial position. 2. The importance of establishing a document such as the IASB’s Framework is that this material helps standard setters when
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In Chapter 7 : The Hellenistic Era I learned about two Philosopher’s who were around during the Hellenistic Era ‚the period from the death of Alexander in 323 BCE to the end of the Roman Republic 31 BCE in which Epicureanism‚ Stoicism and Skepticism flourished. The first philosopher I read about was Epicurus‚ who is considered to be the founder of Epicureanism which is the hedonistic theory that life’s highest aim is happiness that is attained through moderate pleasures and the avoidance of mental
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Chapter 1 Managerial Accounting and Cost Concepts Solutions to Questions 1-1 The three major elements of product costs in a manufacturing company are direct materials‚ direct labor‚ and manufacturing overhead. 1-2 a. Direct materials are an integral part of a finished product and their costs can be conveniently traced to it. b. Indirect materials are generally small items of material such as glue and nails. They may be an integral part of a finished product but their costs can be
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Chapter 7 Quiz Review 1) Appropriate music choices for general practice medical offices are a) Country and gospel b) Classical‚ light jazz‚ and soft rock c) Folk and heavy jazz d) Heavy metal e) Heavy rock and rap 2) What kind of impression do cool colors create in the reception area a) Active b) Volatile c) Discordant d) Energetic e) Harmonious 3) A lively atmosphere is produced by what type of colors a) Dim b) Primary c) Muted d) Dark e) soft 4) When arranging a reception area to accommodate elderly
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Chapter 6: Issues and Crisis Management A. The Relationship between Issues Management & Crisis Management • Commonalities: focus on improving stakeholder management & enabling the firm to be more ethically responsive to stakeholder’s expectations and their ultimate objective must be to have an increase in the firm’s responsiveness to stakeholders • Through well conducted issues management initiatives‚ some crises may be avoided B. Issues Management – a process by which firms identify issues in
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CHAPTER 7 IDENTIFYING AND UNDERSTANDING CONSUMERS 6 Categories of Factors Impacting Shoppers Figure 7-2 .174 Lifestyle: Social and Psychological Factors p. 177 Impact of Perceived Risk Figure 7-3 p. 178 6 Stages in the Consumer Decision Process Figure 7-6 p. 185 3 Types of Decision-Making p. 188 3 Types of Impulse-Buying p. 189 3 Types of Target Market Strategies pp. 191-193 6 Steps in devising a Target Market Strategy Figure 7-10 p. 192 Multiple Choice -
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Chapter 7 As a Child THE childhood and youth of Jesus were spent in a little mountain village. There was no place on earth that would not have been honored by His presence. The palaces of kings would have been privileged in receiving Him as a guest. But He passed by the homes of wealth‚ the courts of royalty‚ and the renowned seats of learning‚ to make His home in obscure and despised Nazareth. Wonderful in its significance is the brief record of His early life: "The child grew‚ and waxed strong
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CHAPTER 7 Revenue and Collection Cycle LEARNING OBJECTIVES Review Checkpoints Exercises‚ Problems‚ and Simulations 1. Discuss inherent risks related to the revenue and collection cycle with a focus on improper revenue recognition. 1‚ 2‚ 3 59 2. Describe the revenue and collection cycle‚ including typical source documents and controls. 4‚ 5‚ 6‚ 7‚ 8 54‚ 55‚ 61‚ 63‚ 64‚ 66 3. Give examples of tests of controls over customer credit approval‚ delivery‚ and
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