The answer from the given options is "culture shock".
Culture shock refers to an experience an individual may have when one moves to a social domain which is not quite the same as one's own; it is likewise the individual confusion a man may feel while encountering a better approach for life because of migration or a visit to another nation, a move between social situations, or basically change to another sort of life. One of the most well-known reasons for culture shock includes people in a foreign environment or situation. Culture shock can be depicted as comprising of at least one of four particular stages: vacation, arrangement, modification, and adjustment.
Answer:
True or False Statements about the conceptual framework:
(a) False: The fundamental qualitative characteristics that make accounting information useful are relevance and faithful representation, which suggest materiality and completeness respectively.
(b) False: Relevant information must also be material in a financial statement user's decision, in addition to having predictive and confirmatory values.
(c) False: It is information that is relevant that is characterized as having predictive or confirmatory value, and not information that shows faithful representation.
(d) False: Comparability also refers to comparisons of a firm over time (which is appropriately described as consistency). This is in addition to the similar reporting of information by different companies.
(e) False: Enhancing characteristics do not relate only to faithful representation but also to relevance.
(f) True.
Explanation:
Faithful representation implies completeness. Relevance means that the disclosure will attract important consideration and is material to the matter. Therefore, users of financial reports base their decisions on relevant information and not irrelevant details.
Explanation:
Remember, inflation is scenario in an economy in which there occurs a constant rise in the prices of commodities/services in the market, which may lead to a reduction of the money in circulation.
Although, developing countries could use alternative approaches such as taxation or cutting down government expenditure, they do not use this but prefer "inflation solution" because it appears to be the easy way out.
Since, taxes are always lesser than required to run the economies of developing countries they (the government) may not use this approach.
Answer:
The Contra Entry is the transfer of cash. Hope this helps!
Answer:
1. The throughput time is 9 days
2. The MCE is 0.30
3. 70% of the throughput time was spent on non-value added activities.
4. The delivery cycle time is 23 days
5. The New MCE is 67.5%
Explanation:
1. To calculate the throughput time we would have to use to make the following calculation:
throughput time=process time+inspection time+movie time+queue time
throughput time=2.7+0.3+1+5
throughput time=9 days
2. To calculate the MCE we would have to use to make the following calculation:
MCE=value added time/throughput time
MCE=2.7/9=0.30
3. MCE is 30% which means that out of the total throughput time, time spent on value added activities was 30%. Thus it means that 70% of the throughput time was spent on non-value added activities.
4. To calculate the delivery cycle time we would have to use to make the following calculation:
delivery cycle time=wait time+throughput time
delivery cycle time=14+9=23 days
5. To calculate the new MCE we would have to use to make the following calculation:
New MCE=value added time/throughput time
New MCE=2.7/4
New MCE=67.5%
