THE CONCEPT WHICH STATES THAT ASSETS ARE NOT TO BE RECORDED AT THEIR CURRENT MARKET VALUE IS
A. money measurement B. materiality C. cost ✓ D. entity The answer to the question is: C. cost The concept which states that assets are not to be recorded at their current market value is the principle of cost. This principle is a…
THE PROPHET WHO EMPHASIZED THE CONCEPT OF “THE DAY OF THE LORD” AS A TIME OF JUDGMENT AND SALVATION WAS
A. Amos B. Habakkuk C. Joel ✓ D. Zephaniah The answer to the question is: C. Joel The prophet who emphasized the concept of “the day of the Lord” as a time of judgment and salvation was Joel. Joel, a prophet in the Hebrew…
STATIONERY WHICH WILL BE USED OVER A LONG PERIOD OF TIME IS USUALLY RECORDED AS AN EXPENSE INSTEAD OF AN ASSET. THIS CONCEPT IS CALLED
A. entity B. accrual C. realization D. materiality ✓ The answer to the question is: D. materiality The concept of recording stationery used over a long period of time as an expense instead of an asset is related to the accounting principle of materiality.…
THE CONCEPT OF SOCIAL JUSTICE IMPLIES THAT THE STATE MUST ENSURE
A. sharing of political power with opponents B. security for multi- national businesses C. equality of citizens ✓ D. fairness to foreign nationals The answer to the question is: C. equality of citizens The concept of social justice implies that the state must…
CONCEPT OF DRUG-DRUG INTERACTIONS
Drug-drug interactions (DDIs) occur when two or more drugs interact with each other in the body, leading to changes in their effects or levels. These interactions can potentially alter the therapeutic benefits of the drugs or increase the risk of…
THE CONCEPT OF AUTACOIDS
Autacoids are a group of biologically active substances that are produced in various cells and tissues of the body. These substances have localized effects and play important roles in regulating physiological processes and maintaining homeostasis. Autacoids are typically synthesized and…
CONCEPT OF pH
Introduction pH is a measure of the acidity or basicity (alkalinity) of a solution. It is defined as the negative logarithm of the concentration of hydrogen ions (H+) in a solution. The pH scale ranges from 0 to 14, where…
LATENT HEAT CONCEPT
Introduction Latent heat is the amount of heat energy that is required or released to change the state of a substance without changing its temperature. It is called “latent” because the heat energy involved is not apparent in the temperature…
CONCEPT OF BIOTECHNOLOGY
Biotechnology is a field of science that involves the application of biological processes, organisms, or systems to develop useful products or technologies for the benefit of society. It encompasses a wide range of disciplines such as genetics, molecular biology, biochemistry,…
CONCEPT OF MAN AND DESTINY
Concept of Man In West African Traditional Religion, the concept of man is deeply rooted in the belief that humans are a part of a larger community that includes both the living and the dead, as well as the natural…
CONCEPT OF TIME, WORK AND WEALTH
Concept of Time In West African Traditional Religion, the concept of time is often seen as cyclical rather than linear. This means that time is not viewed as a straight line with a beginning and an end, but rather as…
CONCEPT OF SALESMANSHIP
Basic terms in salesmanship Here are some basic terms in salesmanship and their explanations: Sales: The exchange of goods or services for money or other valuable consideration. Salesmanship: The art and science of selling products or services. Prospects: Potential customers…
THE CONCEPT OF RISK
DEFINITION OF RISK There is no universally accepted definition of risk. It could be defined from any side or angle one is looking at it. Risk has been variously defined by different scholars. Some of these definitions are: Risk is…
CONCEPT OF COMPUTER FILES OBJECTIVE QUESTIONS
1) A file extension is separated from the main file name with a(n) _ but no spaces. a) question mark. b) exclamation mark. c) underscore. d) None of the above. 2) A collection of interrelated…
CONCEPT OF COMPUTER FILES
Many tasks in an information oriented society require people to deal with voluminous data and to use computers to deal with this data efficiently and speedily. FILE TERMINOLOGIES a) Files deal with storage and retrieval of data in a computer.…
CONCEPT OF TECHNOLOGY
The word technology refers to ways of making or doing things. It includes all the methods through which people use their inventions and discoveries to satisfy their needs and wants. Over a very long period of time, people all over…
MARKET RESEARCH AND MARKETING CONCEPT
MARKET RESEARCH Market research is the study of consumers’ demand by a firm in order to assist it in expanding its output and the marketing of its product. It is the systematic and objective search for and the analysis of…
THE CONCEPT OF BRANDING
The American Marketing Association defines a brand as a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those…
MARKETING CONCEPTS
Marketing concept is a marketing philosophy which sees the consumer or client as the central focus of all the activities of an organisation because no organisation can survive without the continued patronage of its consumers. This philosophy regards a genuine…
BASIC CONCEPTS OF GEOGRAPHIC INFORMATION SYSTEMS (GIS)
A Geographic Information System (GIS) is a system designed to capture, store, manipulate, analyze, manage, and present all types of geographical data. In other words, GIS describes any information system that integrates stores, edits, analyses, shares and displays geographic information…