Answer:
8. First-In, First-Out (FIFO) - a.
7. Disclosure Principle - b
1. Specific Identification - c
6. Weighted-Average - d
4. Conservatism - e
3. Last-In, First-Out (LIFO) - f
5. Consistency Principle - g
2. Materiality Concept - h
Explanation:
FIFO is a sale technique which provides the oldest stoke of goods as the first sales batch, while LIFO brings the last inventory first.
The materiality concept is a situation where the financial information of a company is said to be material from observing the preparation of the financial statements if it can change the opinion of a reasonable person.
The consistency principle states that once an accounting principle is adopted, it can never be changed. Disclosure principle states that company report must be given to outsiders for knowledgeable decision.
Answer:
It is True
Explanation:
NAKES system is unique among the classifications of economic activities because it was developed based on a conceptual framework (that of production function or production process) that guided its construction as much as possible. In it, activities that have similar production functions are classified in the same category and those that have different production are accommodated in different ones.
It was developed following this unique principle, which allows groupings to be created systematically, always under the same logic, which helps to avoid controversies and interpretation errors.
The System consists of five levels of aggregation: sector (the most aggregate, identified with two digits), subsector (three), branch (four digits), sub-frame (five) and activity class (the most disaggregated level, identified with six digits).
It is common to try to use NAKES to classify products, if the user has that intention with certainty the classifier will disappoint his expectations because the objective of the System is to classify economic activities, not products.
Answer:
Role of interviewer during interview, Two interview questions relevant to any vacancies -
Explanation:
Two important questions
- Introduce yourself : This helps analysing the core personality traits of the candidate, which highlights his suitability or non suitability for the job
- Why do you want to perform this job : This will help in analysing the depth of dedication the candidate has for the work profile, which would hence depict is expected level of hard work & sincerity.
Role of Interviewer :
- Analysing the candidate's personal & professional traits, which are of significance to the job performance
- Explaining the candidate about their organisation, its rules & norms, his expected work profile authority & responsibility etc
Explanation:
There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.
There are other ethical concerns which are related to advertising and misrepresentation of their products and their services.
These companies understands the characteristics of the advertising and potential dangers that are related to their product.
