Hello There!
Your answer would be <u>C). A tortious act may also be a criminal act.</u>
The reason why C would be your answer is because a tortious act is something that harms someone in any way. The reason why it "may" be a criminal act is because determine if the tortious act is a criminal act really depends on the scenario that is occurring. For example, someone could cause a tortious act in a way of self defense, this scenario would be debatable because the person that committed the tortious act had a valid reason in doing so, and that was protecting themselves. But, if a person was to cause a tortious act by hurting someone to steal from them, then that would definitely be a criminal act because they are performing dangerous things to someone else, and the person could file a lawsuit against it.
Let's dive into why the other answer choices are incorrect. We can use the old fashion process of elimination:
Answer choice "A). A tortious act is always a criminal act" is incorrect because it is not always a criminal act, it depends on the scenario it's in. This is the reason why this answer choice would be eliminated.
Answer choice "B). A criminal act is always a tortious act" is incorrect because there are MANY criminal acts that doesn't harm anyone, for example, tax evasion (not paying taxes) is a criminal act, but does not cause any harm to anyone. This is the reason why this answer choice would be eliminated.
Answer choice "D). A tortious act is the same as a contract dispute" is incorrect because harming someone is not the same as not doing what a contract says. A contact dispute is when someone that's part of a contract did not do a duty that the contract says that they're suppose to do, and that usually doesn't have to be any harm to anyone. That would not be the same as a tortious act, harming someone. This is the reason why this answer choice would be eliminated.
Answer:
idea screening
Explanation:
The idea screening stage of new product development process involves the filtering the ideas to pick out the best ones. At the screening stage good ideas should be spotted and bad ideas should be disposed.
This is a very critical stage since deciding which ideas are worth developing and which aren't is a very difficult and important task. You don't want to invest in a bad idea, so you should be careful, but you don't want to toss away any potentially good idea.
Answer: <u>FORMATIVE EVALUATION</u> is research to identify consumer needs and orientations and in the communication analysis stage to focus on specific audiences, evaluate audience message behaviors, field test messages to guide message conceptualization and development, and identify communication channels with high audience reach, specificity, and influence.
Explanation: Formative evaluation is a research process in which users' needs are analyzed, mainly focusing on specific audiences, how messages are received by these audiences and how it influences them and helps identify the most appropriate information channel .
Answer:
Change in accounting estimate.
Explanation:
IAS-8 deals with the accounting policies, change in accounting estimates and policies. This standard deals with following changes:
- Change in reporting entity --- It is a change in reporting entity. An example of it can be preparation of consolidated financial statements.
- Change in accounting estimate --- It is a change in any of the prior estimates because the management is now exposed to more information and believe that doing so would enhance the fairness of financial statements. For example, depreciation method.
- Change in accounting principle --- It is a change from on GAAP to the more preferable one. For example, the management might decide to change its inventory cost flow assumption from FIFO to Average-costing.
- Correction of an accounting error - The correction of accounting errors like commission error and error of principle.
The standard states that these changes must be made under two methods:
- Retrospective --- When we are required to change prior year statements.
- Prospective --- Adjusting the current and future estimates.
Each change/correction is accounted for under specified method as prescribed by the accountancy regulatory body. The effect of change in reporting entity, accounting principle, and correction of an error are retrospective. It means that the prior year financial statements must be adjusted. Whereas, the change in accounting estimate has a prospective effect. It means that the current and future statements should reflect the change and not the prior ones.
True, a check can bounce so cash is more appealing
