of the lower-of-cost-or-net realizable value (LCNRV) rule is based on both the expense recognition principle and the concept of conservatism. The expense recognition principle applies because the application of the LCNRV rule allows for the recognition of a decline in the utility (value) of inventory as a loss in the period in which the decline takes place. The departure from the cost principle for inventory valuation is permitted on the basis of
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2. Explain the Principles of Management. Management: Management in all business and organizational activities is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning‚ organizing‚ staffing‚ leading or directing‚ and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and
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Trauma Theory Psychological trauma can have an everlasting effect on a person’s life. According to Armsworth and Holaday (1993)‚ Psychological trauma occurs when an individual is exposed to an overwhelming event that renders him or her helpless in the face of intolerable danger‚ anxiety‚ and instinctual arousal (p. 49). Anyone no matter what age‚ can experience a traumatic event. However‚ children are the ones mostly affected by a traumatic event. Trauma regardless if it is sexual abuse‚ physical
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PSY4988 ASSIGN 1 PSY 498 8 PSYCHOLOGICAL ASSESSMENT ASSIGNMENT 1 CATHERINE SCOTT 3315 459 7 DEVELOPMENT OF A PSYCHOLOGICAL MEASURE INTRODUCTION The process of developing a reliable and valid psychological measure is a complex task. In this paper‚ the author hopes to further explain how to construct a test which can be considered both valid and reliable. Steps to developing a psychological measure The steps to follow when developing a psychological measure can seem daunting and complex. There
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1)The Principle of Utility is the belief that when a person has a number of options in a moral situation he should chose the one that results in the greatest amount of happiness for the greatest number of people. However‚ the definition of happiness is up to interpretation. I feel as though people should follow this principle in certain situations. For example‚ if you are faced with the choice of playing videogames by yourself at home or going out to dinner with your family you should chose the
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providing that the legislature "lay down by legislative act an intelligible principle to which the person or body authorized to fix such rates is directed to conform". Whitman v. Am. Trucking Ass’Ns‚ 531 U.S. 457 (U.S. 2001)‚ Loving v. United States‚ 517 U.S. 748 (U.S. 1996)‚ citing Chief Justice Taft in J. W. Hampton‚ Jr.‚ & Co. v. United States‚ 276 U.S. 394‚ 409 (U.S. 1928). The question becomes what is the "intelligible principle" and whether it exists in the Emergency Bubblegum Price Control Act
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Executive Summary Marketing Principles is the study of what people think‚ feel and do in and around Global market. involves getting the right product at the right price‚ at right time‚ promoted using the right messages‚ media and sold in the right place.. Therefore‚ Identify the Strength‚ Weakness‚ Opportunities and threats are very important. Marketing Principles knowledge also has a significant effect on the success of Marketing. This book takes the view that Marketing Principles is for
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younger? Discuss the consequences of imposing such a ban. (AACSB: Communication; Ethical Reasoning) The childhood obesity epidemic is a serious public health problem that increases morbidity‚ mortality‚ and has substantial long term economic and social costs. The rates of obesity in America’s children and youth have almost tripled in the last quarter century. The obesity rate among children in the United States is 17 percent‚ triple what it was 30 years ago. Now the big question is who’s to blame
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Principles of Economics According to Campbell‚ “Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of economic wants” (Campbell‚ 2005‚ p. 3‚ Para. 1). For example‚ an individual needs air; however‚ wants a lavish vehicle‚ which the vehicle becomes the economic want. However‚ economics is concerned with obtaining maximum satisfaction through the efficient use of scarce resources. Likely‚ economist view and study economics through
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INTERPERSONAL COMMUNICATION ( INC 410 ) MOVIE REVIEW HOORE ! HOORE ! FILM PREPARED BY : NORAZYANTI BINTI ISMAIL Synopsis of Hoore Hoore film The film of Hoore Hoore tells the story of a woman name Nurul Iman with a relatively stout body and not too pretty‚ but have a good heart. However‚ the regular feminine characteristics such as other girls still have on Nurul Iman. Nurul Iman have two good friends name Lana and Azadan. They are the kids from hometown and a school. They are close
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