Answer:
Similarities
1. Both documents advocated for the rights and liberty of the citizens.
2. Both documents prevented autocratic rule by ensuring the proper representation of the people.
Differences
1. The English Bill of Rights was borne out of political tensions while the US Bill of Rights was an amendment to the constitution.
2. They both differed in content. The English Bill of Rights contained information on the rights of citizens, reasons while the then Monarchs were rightful successors to the throne, and details of the ills committed by King James. The US Bill of Rights simply amended the constitution.
Explanation:
The English Bill of Rights was signed into law in the year 1689 by William III and Mary II in response to the political and religious tensions happening at the time. This Bill of Rights gave powers to the Parliament and made them a source that must be consulted before critical decisions were made by the Monarchs. It also outlined the rights of citizens.
The US Bill of Rights received its blueprint from the English Bill of Rights. It was established in 1789 as 12 amendments to the constitution. It outlined the rights of the United States citizens, one of which was the Freedom of Speech.
We can see that the outcome of assigning costs is to help provide information to help managers improve decision making.
We can then deduce that there are some costs that might vary and when they are assigned might not be what is actually in the market.
<h3>What is cost accounting?</h3>
Cost accounting refers to form of accounting that helps to provide detailed cost information. The information gathered helps the management to make informed decisions. It also helps them to control operations and plan for the future.
We can see that for example a company's supplier might have assigned a cost to a particular goods. But getting to the market, he discovers that it has been changed. That change can result to another outcome not intended by the manager.
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