3:00pm A) Deegan explains that an agency relationship arises when the principal delegates the decision-making authority to an agent. An example of such a relationship is when the owner of a company delegates the decision-making authority to the manager. The costs of divergent behaviour that arises as a result of the agency relationship are referred to as agency costs. Furthermore‚ Watts and Zimmerman (1978) developed the theory of positive accounting which is focused on the assumption that ‘all
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Role of Cost Accounting and Ethical Consideration Role of Cost Accounting and Ethical Consideration Introduction Cost accounting is used to help management understand how much it cost to run a business. Understanding the role of cost accounting is important when one is trying to put together a team of managers to help run the company. The CEO of a merchandising organization needs to hire a CFO to run the accounting system‚ but the CEO has little understanding of cost accounting. The CEO
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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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Reliability and Validity When examining the data they have collected‚ it is essential for researchers to determine to what degree is their data consistent. There are many methods by which researchers can assess the reliability of their instruments. Through different statistical procedures‚ researchers will evaluate the reliability coefficient to ascertain to what extent their data is consistent. The reliability coefficient is generally a numerical value between 0.00 and 1.00‚ where the coefficients
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Management‚ the Controller‚ and Cost Accounting Management According to Henry Fayol’s Industrial and General Administration‚ "to manage is to forecast and to plan‚ organize‚ to command‚ to co-ordinate and to control". To an organization‚ those various activity can be narrowed to Planning‚ Organizing and Control by three groups of management: operating management‚ middle management and executive management with different role in each level. Planning is the process of sensing external opportunities
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thoughts which intrude on your everyday life‚ along with strong urges to perform certain behaviours and rituals‚ you may begin to think you’re crazy especially if you don’t understand the condition. Isolation can be one of the effects of OCD on relationships. The person with OCD is under an immense amount of pressure
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specifically tou ched on six measures of test quality‚ objectivity‚ practicability‚ reliability‚ validity‚ difficulty level and discrimination index. It also talks about mathematical measures like mean‚ median‚ mode‚ standard deviation and correlation that help in measuring test quality. Objective: 1. To enable the reader to define the quality of a test and measure it. a. To understand the concepts of reliability and validity in a test. b. To understand the various measurements used in
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there are different ways to estimate reliability‚ it is necessary to provide a definition for the word reliability.” Reliability refers to the consistency of a measure. A test is considered reliable if we get the same result repeatedly. For example‚ if a test is designed to measure a trait (such as introversion)‚ then each time the test is administered to a subject‚ the results should be approximately the same. Unfortunately‚ it is impossible to calculate reliability exactly‚ but it can be estimated
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Reliability Analysis Reliability analysis is an important component of engineering work that draws on the areas of probability and statistics. As the name suggests‚ reliability analysis is concerned with the investigation of the failure rates of components and systems‚ which are typically represented as probabilities. Life testing is a general term used to describe the experimentation and statistical analysis performed to investigate failure rates. Probability distributions that are used to model
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Q/Discuss various historical theories and misconception of cancer ( pre 1890s ) With the development of science ‚the Cancer theories have been changed . the scientists proposed different historical theories over the years trying to explain cancer and its causes ‚some of these theories were proven wrong and some grew more complex .These theories are : -Humoral Theory -Lymph Theory. - Blastema Theory. - Chronic Irritation Theory. -Trauma Theory. - Parasite Theory. which will be
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