Incentive principle - Study guides, Class notes & Summaries

COST APPROACH EXAM QUESTIONS WITH ANSWERS Three Economic Principles Substitution Contribution Balance Substitution Appraisal principle that states that when several similar or commensurate commodities, goods, or services are available, the one with the lowest price will attract the greatest demand and widest distribution *primary principle of cost and sales approach Contribution Relates to the concept that the value of a particular component is measures in terms of its contribut...

Intermediate Accounting Final Exam Questions and answers with Complete Solutions Accounting for costs of incentive programs for frequent customer purchases involves - Recording an expense and a liability each period The accounting concept that requires recognition of a liability for customer premium offer is - The matching principle When a material gain contingency is probable and the amount of the gain can be reasonably estimated, the gain should be - disclosed, but not recognized in the...

People face trade-offs correct answers (principle 1 of economics) To get one thing, you have to give up something else. Making decision requires trading off one goal against another. efficiency correct answers the property of a resource allocation of maximizing the total surplus received by all members of society. Refers to the size of the economic pie equality correct answers the property of distributing economic prosperity uniformly among the members of society. Refers to how the pie is ...

COST APPROACH EXAM QUESTIONS WITH ANSWERS Three Economic Principles Substitution Contribution Balance Substitution Appraisal principle that states that when several similar or commensurate commodities, goods, or services are available, the one with the lowest price will attract the greatest demand and widest distribution *primary principle of cost and sales approach Contribution Relates to the concept that the value of a particular component is measures in terms of its contribut...

Accounting for costs of incentive programs for frequent customer purchases involves - Recording an expense and a liability each period The accounting concept that requires recognition of a liability for customer premium offer is - The matching principle When a material gain contingency is probable and the amount of the gain can be reasonably estimated, the gain should be - disclosed, but not recognized in the income statement The main difference between accounting for a rebate and a cash d...

HNF 105 STUDY GUIDE QUESTIONS WITH ALL CORRECT ANSWERS The principle of flow of materials and personnel - Answer- Receiving --> Storage --> Issuance --> Production --> Service --> Cleaning/Sanitation --> Waste Disposal Market Segmentation - Answer- customize product for targeted customers Principle of Ease of Sanitation - Answer- Cleaning time kept to a minimum Advertising - Answer- any paid form of nonpersonal presentation ad promotion of ideas, goods, and service...

ANCC PMHNP Role and Scope of Practice Questions and Answers Already Passed State Legislative Statutes: What do they do? (law created by the state) -They are the Nurse Practice Act -Provides Title protection, -Grants legal authority; -Define Scope of Practice , -Defines advanced practice, -Puts restrictions on practice, -Sets credentialing requirements, -Sets grounds for disciplinary actions, -May require a Collaborative agreement Statutory Law (written law created by legislat...

REE 4103 TEST 2 QUESTIONS WITH VERIFIED ANSWERS GRADED A+ Direct costs (Hard costs) are - Answer-• The cost of labor, materials, and equipment used in construction Entrepreneurial incentive is - Answer-• An amount anticipated prior to development In the cost approach _____ is deducted after estimating the cost to reproduce an existing structure - Answer-Depreciation In the cost approach the site is valued as if it were - Answer-• Vacant and available for development to its hig...

CAIA Level I Exam 2023 5th percentile vs 25th percentile performance - CORRECT ANSWER-5th percentile managers outperform in every comparison BUT 25th percentile managers' performance is more volatile --> even if 25th percentile managers outperform they tend to mean revert --> demonstrates the perils of choosing managers based on historical performance alternative asset performance evaluation - CORRECT ANSWER-unlike in traditional assets, alpha is difficult to define in alterna...

Retrospective Integration - ANSWER-Designing education-based strategies to mitigate identified risks Clinical transformation care that is consistently (6 things).... - ANSWER-Safe. Effective. Patient Centered. Timely. Efficient. Equitable. Safety - ANSWER-Prevention/moderation of hazard (induced harm) Unsafe Acts - ANSWER-An act that is not safe for an employee. Human error. (slips, lapses, mistakes, violations) The Safety Assessment Code (SAC) Matrix - ANSWER-When a severity categor...