Answer:
The managers need to understand the importance of data due to the fact that this one affects to the decision making process.
Explanation:
On one hand, the data is the source of the information itself, the data could be good or bad depending on the type of information that a person is trying to get, therefore that a good compilation of data will impact in realiable information. Furthermore, trustfull information means that the decision that needs to be taken will be mostly good because the information is complete and trustfull and therefore the uncertainty will decrease.
On the other hand, the information is the principle and most important resource of a manager due to the fact that decisions are made in a context where the person has o has not enough information to a make a good call. Therefore that leaders need to understand how the data works and how this affect the decision making process.
I think the principle that under the market economy, people have to be ready to take advantage of employment and opportunities when the price of commodities like metals is up and be prepared to work extra hard at those times to save up for lean times when there is a recession or depression because the market economy is cyclical - boom or bust. The economic principle involved in these examples is that people take advantage of opportunities that come up involving things to purchase say during sales and when trade brings cheaper but still good items into the local economy.
Answer:
C. include a credit to the equipment accumulated depreciation account.
Explanation:
Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.
In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.