Answer:
Concurrent validation
Explantion:
Concurrent validation is employed to establish documented proof that a facility and process will function as they are intended, on the basis of information gotten during actual use of the process.
Concurrent validity is a type of proof that can be assembled to justify the use of a test for predicting other outcomes.
Answer:
b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible
Explanation:
In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible
Therefore as per the given situation, the option b is correct
Answer:
D. conservative
Explanation:
Historical cost method relates to recording of assets at their historical i.e original cost instead of recording them at their increased/revalued values.
Such a method ensures compliance with law of conservatism or prudence which simply states, "do not anticipate a profit, but provide for all possible losses".
Preparing financial statements based upon historical cost assumption ensures reliability and avoids overstatement of assets. This means investors, government and other stakeholders can place better reliance upon credibility of such financial statements.
Answer:
A speculative risk is uncertain degree of gain or loss. Every speculative risk are made as conscious choices and are not just a result of uncontrollable circumstances.
Explanation:
It's basically a conscious choice you made!