Learning is pervasive in our lives, but there are two different theories on how people learn the behavioral theories and the cognitive theories.
Option C is correct
Explanation:
The behavioral theory attempts to explain the actions of the person by examining the antecedents and implications of previous experience in the community and the existing relationships he or she had established.
A behavioral example is when teachers recompense their classes or certain students for good behavior at the end of the week with special benefits. Penalties are used to use the same principle. If the student is wrong, the professor may take some privileges away.
Cognitive theory is a theoretical approach that aims to clarify your actions by understanding the patterns of thinking.
For example, a psychiatrist uses cognitive science techniques as she shows you how to recognize and change ill-suited patterns of thought.
Answer:
Corporate opportunity doctrine
Explanation:
The corporate opportunity doctrine is a principle that doesn't allow directors to participate as an individual in any business that can benefit the company withouth offering it first to the organization.
Answer: The income statement should reflect $15,000.
Explanation: The reason is because accounting procedures are always guided by certain principles or concepts. One of such concepts is the Realization Concept. This simply states that income is considered to have been earned when the goods/services have been dispatched /rendered to the client and the client has incurred liability for such (or has accepted his/her indebtedness). The Accrual Concept is also applicable in the above instance because this concept/principle states that revenues and expenses are recognized as soon as they are earned and incurred and not when money is expended or received. So basically, XYZ Law firm has provided services for two clients. One of them has paid while the other will pay sometime later. Both of them are already recognized as revenue and the current income statement will reflect revenue transactions to the tune of $15,000.
Answer:
The correct answer is b) Data artist
Explanation:
A data artist is an expert who creates graphs, charts and other visual tools that help people understand the complex data of a business.
Answer:
B.
Explanation:
Based on the information given that a large portion of sales occur at the last month of the year, a key audit concern or risk would be the revenue or sales cutoff. This concern is on the recognition of revenue in the appropriate period as most of the sales are recorded in the last month of the year. The risk exist that such sales are recognized to meet up with the yearly sales target of the organization. The performance of analytical procedure would not be effective as the results (trend) over the past 5 years have been similar. A test of internal controls at an interim date may also not be effective as there may be multiple level connivance to ensure that sales target are met. Also, the review of period end compensation of bonuses paid may not address the identified risk as such option B which deals with revenue recognition is the most appropriate option.
