Ask academic questions and receive answers

From experienced academic experts. In any field of study

What does concise mean in terms of business?

Concise writing in terms of business signifies the clarity of the given ideas. It means that the plan or actions’ explanations are brief and precise without extra details. Explanation: When compiling a plan or a project company needs to remember to use shorter messages or ideas that would be better...

Define the average daily balance.

The average daily balance is a term and method used by banking companies to calculate interest. The average daily balance method is used to calculate the amount of interest on a credit card payment, taking into account the client’s balance on every day of the billing cycle. The average daily balance...

What were the major causes and consequences of the Shanghai Massacre?

On April 12, 1927 the Shanghai massacre took place. This event is generally known as the April 12 Incident or Purge and was a horrific and violent attack by the military forces of Chiang Kai-shek and the forces of the Chinese Nationalist Party usually named as Kuomintang of China. Explanation:...

Define sociocentrism. Provide examples

Sociocentrism is a concept according to which the priority belongs to society in the relationship between the culture and individual. Sociocentrism is a societal approach when only the social dimension of a person takes place, and it is considered as the embodiment of social principles. Explanation: Sociocentrism is a view,...

What is underextension definition? When and where is this term used?

Underextension is a term used to describe the inability of a child to extend the meaning of a newly-learned word to the other objects within the same category. This term is mostly used in sociological and psychological studies to describe the process of development and acquisition of new skills by...

What was Frederick William I known for?

Frederick William I was a skilled and smart leader, wise king, and successful politician. Among his accomplishments, there are such examples as creating a strong image of Prussia, due to which other countries started to respect it, developing the army, making Prussia to rise, creating a working bureaucracy system, etc....

What are the Most Notable Alexander the Great Accomplishments?

The greatest achievements of Alexander the Great were the dispersion of Hellenistic culture and knowledge across the world and numerous conquests that allowed for a major territorial expansion of Greece. Explanation: The legacy of Alexander the Great is vital because it is closely linked to the fact that he completed...

What influence has militarism in WW1 have?

Militarism is considered as one of the long-term influences of World War I.  Militarism can be fully perceived as the buildup or expansion of the capacity of a country’s military to fight a war. Explanation: In broad terms, militarism demonstrated the rivalry that occurred between the nations of Europe in...

Provide the Congress of Vienna definition. What goals did they pursue?

Congress of Vienna is defined as an assembly held in 1814-1815 that was aimed to reorganize Europe after the Napoleonic Wars. Its purpose was to define the political power balance, provide a long-lasting peace plan, and divide European territories between the countries that played leading roles in Napoleon’s overthrow. Explanation:...

Provide the Three Fifths Compromise definition.

The Three-Fifths Compromise is an agreement reached during the United States Constitutional Convention in 1787. The decision of this agreement was considered three out of every five slaves as people. This compromise was made to calculate the state’s population for parliamentary representatives, as well as to calculate state taxation. Explanation:...

Which Type of Account Typically Has Low Liquidity? Why?

Certificate of deposit usually has low liquidity due to the practice of money withdrawal associated with it. Explanation: A certificate of deposit (CD) is a security certifying the existence of a deposit account with a bank. How does a certificate of deposit work? In practice, an account may not be...

What is the 3rd Amendment?

The Third Amendment to the United States Constitution is a part of Bill of Rights, ratified in 1791, that states any forced quartering of soldiers in private homes is prohibited unless prescribed by wartime law. Explanation: The quartering act forbids entering private homes by soldiers without the owner’s consent in...

What was the First Arena of a significant religious conflict after the Crusades?

The first scene of religious conflict after the Crusades was Western and Central Europe during Reformation. Explanation: Religious conflicts have been happening long before the clear lines appeared between the Catholics, Protestants, or Orthodox. Still, as time went by the brutality of religious wars also increased. Protestant Reformation that started...

Provide Vassals Definition.

A feudal vassal was someone who depended on a larger feudal lord – suzerain – and received land and patronage from them for military service and other duties. Explanation: The most important characteristic of medieval Western European society was its hierarchical structure and the vassal system. At the head of...

What Was Johnson’s Reconstruction Plan?

A document that allowed the white population of the South controlling the abolition of slavery, pardoned the rebel Confederates and excluded former slaves from the businesses of the government. Explanation: President Andrew Johnson, who came to power after the assassination of Abraham Lincoln, wanted to accomplish what his predecessor did...

What is marginal thinking?

Marginal thinking is a process of evaluating whether the cost of one more unit is less than its benefits. Explanation: Marginal thinking involves the analysis that goes into decision-making. It means thinking about what consequences will follow after the adoption of a decision. For instance, it is when someone decides...

Give the stupa definition.

Stupa definition might be given as the following – it is a Buddhist architectural structure of hemispherical shape. It is intended for meditations and contains Buddhist relics and religious objects. Explanation: A stupa is one of the main symbols of Buddhism. The sacred stupas are located in such countries as...

What was significant about Middle Colonies geography?

The main significance of Middle Colonies geography and climate, which were a subgroup of 13 colonies of British America, was the fact that these lands were rich in soil. This made the given location a major wheat and grain exporter. In addition, Middle Colonies features were manifested in the fact...

What was Chavin civilization known for?

The Chavin civilization was known for its numerous achievements in metallurgy and engineering. Their pieces of art and crafts are believed to be the first examples of works, which had specific features and could be easily recognized. The most remarkable architectural structures of the Chavin civilization include the unique temples...

Define the long run supply curve.

The long run supply curve is a curve that reflects the relationship between the overall price level in a country and the real output that firms want and plan to realize in the long term. Explanation: In the long run, the prices of the end products sold as well as...

What was agreed after the signing the Treaty of 1818?

In 1818, at the initiative of the U.S. Secretary of State John Quincy Adams, negotiations on the U.S.-Canadian border and Oregon membership began in London. U.S. commissioners Albert Gallatin and Richard Rush proposed that the 49th parallel be considered the border between Canada and the United States along its entire...

Why were Bonanza farms developed and who owned them?

Bonanza, a rare luck, a sudden happiness, fell to those who became owners of fertile land in the Red River valley. This was the name given to the farms that flourished in this area at the turn of the 19th and 20th centuries. The agrarian bonanza became a milestone in...

Define mundane realism. What prominent characteristics does it have?

Mundane Realism compares and explores the level of similarity between objects and situations observed in the experiment and those that occur in reality. It follows that Mundane Realism is a type of external reality where conclusions can be combined and passed from experimentation to real situations. Explanation: In 1968, Elliot...

What defines pure democracy?

The concept of “democracy” means the power of the people. The socio-political phenomenon “democracy” is wider than the power of the people. Not only “the power of the people” as such, but also the social and political system is connected with the notion of democracy. Democracy is often understood as...

What formal changes to the constitution can dramatically change everyday lives of citizens?

The Constitution delegates to the government only those rights that citizens are willing to give it. Formal constitutional amendments aimed at improving social policy, people’s living standards, the quality of medicine and education can significantly change the lives of citizens. Explanation: The USA became the first example of a modern...

Define contemporary culture.

Contemporary culture is defined as a multitude of distinctive cultures that are in dialogue and interaction with each other, and both of them go along the axis of past-future. Modern culture also has the specific properties that give it originality and uniqueness as a consequence of the development of previous...

What is the turbotax advantage?

TurboTax is one of the most popular tax return software. One of the advantages of this tax program is the availability of live chat for a free consultation and an additional audit. Explanation: TurboTax.com is an online product from Intuit, one of the most famous companies in the USA. Scott...

Define the average product of labor.

The average product is the volume of output per unit of resources used. The average product characterizes the productivity of a variable factor of production; therefore, it is often called labor productivity. Explanation: The concepts of the total, average, and marginal products are used in the theory of production. The...

Explain the concept of equivalent units of production.

Equivalent unit of production is an expression of the scope of work performed by the manufacturer on units of production partially completed at the end of the reporting period. Explanation: Generally, fully completed units and partially completed units are expressed in terms of fully completed units. For example, the calculation...

What might consumer protection laws result in?

Consumer protection is a set of measures implemented by the state and social movements aimed at regulating the relations arising between the consumer (an individual purchasing goods or services for personal, family, home and other needs not related to business activities) and the subject of entrepreneurial activity – manufacturer, executor,...

What is the fair employment practices commission? Why does it matter?

The Fair Employment Practices Committee (FEPC) is a committee established by American President Franklin D. Roosevelt in 1941. The Fair Employment Practices Commission was designed to help prevent discrimination against African Americans in the defense and public service. The implementation of this order has resulted in some positive changes for...

What is absorption costing income statement? When is it used?

The absorption income statement, also known as the traditional income statement, uses the prime cost calculation for preparing the profit and loss statement. This method of income statement examines costs by breaking them down into product and period costs. Explanation: The core format of absorption costing income statement demonstrates the...

Give the details on Maysville Road veto.

One of the most controversial acts of its time, the Maysville Road veto, occurred on May 27, 1830. United States President Andrew Jackson vetoed a bill that allowed the federal government to purchase stocks from Maysville, Washington, Paris, and Lexington Turnpike Road Company. Explanation: The building of this road was...

What was Philip V of Spain known for?

The reign of Philip V takes a long period in the history of Spain. Philip V ascended the throne and remained until his death, becoming the first of the Bourbon dynasty on the Spanish throne. It was a time of endless conflicts and power struggles. Explanation: Spain was no longer...

Explain the significance of “The Shame of the Cities” book.

It describes the work of corrupt political machines in several major cities in the United States, as well as some efforts to combat them. It is considered one of several early major publications of muckraking journalism, although Steffens later argued that this work made him “the first muckraker”. Explanation: The...

What function did the National Grange have? Who founded it and why?

The National Grange was formed as the fraternal community organization whose main function implies uniting families in the United States to improve the economic and political welfare with its origins in agriculture. The organization was founded in 1867 as a national organization with the local orientation. Explanation: The organization was...

What were the Navigation Acts?

The Navigational Act definition is a series of resolutions adopted by the English Parliament and aimed at promoting and protecting England from maritime trade and industry from foreign competition. The first Act provided that the import of overseas goods into the country can only be carried out on English ships....

What are the causes and effects of the Sugar Act of 1764?

The Sugar Act, also known as the Revenue Act, diminished the percentage of tax on molasses from six pence to three pence per gallon, when Grenville took steps that the tax is strictly implemented. The Act as well itemized more foreign products that will be taxed, such as sugar, wines,...

What was the religion developed in Jamaica?

Rastafarianism is a religious and social movement that appeared in Jamaica in 1930 and rose to prominence throughout the XX century. Rastafarianism has roots in Christianity and Ethiopianism and calls for righteous living and exodus of African people from the West, or Babylon, to Africa, which is regarded as Zion,...

What do cash equivalents include?

Cash equivalents include short-term (no more than 90 days) engagements “with temporarily idle cash and easily convertible into a known cash amount”. For example, there are such items as money market funds, commercial paper, treasury bills, marketable securities, and short-term government bonds. Explanation: Cash and cash equivalents (CCE) is an...

What characteristics does a HIPAA authorization have?

A HIPAA authorization needs to be written in plain language and contain specific and meaningful information that will be used or disclosed. Explanation: The Health Insurance Portability and Accountability Act (HIPAA) was designed to protect the personal information that is used in the health care and health insurance industries from...

What does a republican form of government mean?

Republic (from the Latin. Res. Publica – common cause) is a form of government under which all the highest bodies of state power are either elected or formed by a national representative body. Explanation: Signs of republican form of government: election of the authorities; urgency; dependence on voters; a political...

Who are the Samaritans?

The Samaritans are a group of people, an ethnoreligious tribe originating from the Israelites with their religion, traditions and history. Explanation: Samaritans themselves claim that their ancestors were mainly the Northern Israelite tribes, people from Ephraim and Manasseh, who survived in 722 BCE the demolition of the Kingdom of Israel...

What was the Americanization movement?

Americanization is the process of US influence on popular culture, business models, language, and politics of other countries. The notion was inserted in the 20th century and originally related to the growing popularity of the American lifestyle in Canada. Explanation: The concept of Americanization is determined by the historical features...

Provide the radical republicans definition.

The definition of Radical Republicans is that they are members of the Republican Party that existed during and after the Civil War of 1861-1865. The party contributed to the emancipation of slavery and advocated for the equal treatment of the freed black people. Explanation: During Reconstruction, Radical Republicans increasingly took...

What was the importance of Julius Caesar crossing the Rubicon?

When Julius Caesar crossed the Rubicon in 49 BC, he expressed disrespect to the Roman Senate and started the war against it. Today, the meaning of crossing the Rubicon refers to making a challenging decision that can have unpredictable consequences. Explanation: Before that war, there existed the Roman Republic, and...

What is the principal by-product of the norming stage of team development? Is it significant?

Group cohesiveness is the principal by-product of the norming stage of team development. It is highly significant as social interaction between group members and the similarities of their interests and natures form strong interpersonal bonds that help to achieve corporate goals. Explanation: Group cohesiveness, or team cohesiveness, may be defined...

Provide the Bacon’s rebellion definition.

The definition of Bacon’s rebellion in US history can be articulated as a led by Nathaniel Bacon uprising of Virginia frontiersmen against the colonial government, which took place in 1676-1677. Even though it failed to be successful for the rebels, the event implied some significance for the nation. Explanation: To...

Define extrinsic value.

The definition of extrinsic value implies the measurement of the difference between its intrinsic value and a market option. Extrinsic value also represents a part of a worth assigned to an item or an option by external factors. The opposite of such value is intrinsic value. Explanation: There is a...

What credit card fee isn’t common. How is it established?

The credit limit or over-the-limit fee is not a common credit card fee. It appears when a certain credit limit is exceeded due to purchases. According to the Credit Card Act, over-limit fees are almost completely abolished. Explanation: A credit card is currently evaluated as a highly valuable financial tool...

What is a command economy?

A command economy is one that is controlled by a central authority – usually the government. Its advantages include a high employment rate and a high level of equality. In addition, this type of economy is characterized by the common good replacing profit as a main aim of production. Explanation:...

Define the Roosevelt Corollary.

The Roosevelt Corollary to the Monroe Doctrine called for the United States to act as an international police power in any conflicts that might occur between European Countries and countries of the Western Hemisphere. Explanation: It was seen by Theodore Roosevelt as a logical sequel to the Monroe Doctrine, which...

What was Charles Schenck known for?

Charles Schenck was the general secretary of the Socialist Party of the US, which was against implementing a military draft in their country. Explanation: Schenck was involved in the 1919 Supreme Court case Schenck v. United States. During the First World War, he was accused by the Federal government of...

What was the Lone Star Republic? What issues did it have?

The Lone Star Republic was a name given to the present days’ American state Texas. The state got such a name for its sovereignty as a country and its struggle to be independent of Mexico in the 1830s. Explanation: Being one of the largest states in the United States, Texas,...

What’s a non-price competition?

Non-price competition refers to the ways that help companies attract customers and increase sales without involving a change in price. Explanation: Very often the price of the product is not the main issue when there is competition between firms; it is only one of the many factors on the list....

Define the spoil system.

The spoil system is defined as a specific type of political patronage appeared in the United States that awards committed party supporters with main governmental positions in the case of a party’s election win. Explanation: The application of the spoil system may be observed in many nations, however, it currently...

What was the goal of the Wilmot Proviso?

The goal of the Wilmot Proviso was the ban of slavery in any territory received from Mexico during the Mexican-American War. By this amendment, Democrats wanted to strengthen the interests of northerners and reserve new territories for the white population for economic and political reasons. Explanation: The Wilmot Proviso, an...

What is the Third Estate? What role did it play in Revolution?

The Third Estate was the social class under the Old Regime, represented by peasants. The struggles the representatives of the Third Estate had were the causes of the French Revolution. Explanation: Three estates, also known as estates of the realm, were orders of the hierarchy of society used in Christian...

Describe the highlights of the presidential election of 1844 in the US.

The presidential election of 1844 resulted in the annexation of Texas and the victory of the Democratic candidate James Knox Polk. The election raised the question of slavery in relation to the annexation. Explanation: The American presidential election of 1844 was held from November, 1, to December, 4. It became...

What is cultural imposition?

Cultural imposition is defined as the tendency of an individual or a group to believe that their cultural values and beliefs should be dominant. That is why these people attempt to impose their behavioral patterns and values onto others. Explanation: The term of cultural imposition is principally related to the...

Define the American temperance society. What did they achieve?

The American Temperance Society (ATS) was established in 1826 and advocated for abstaining from drinking distilled beverages. They worked to improve society by banning the drinking of alcohol. The ATS’ achievements include motivating millions of people to abstain from drinking alcohol and becoming the national clearinghouse. Explanation: To understand the...

What is the significance of the Commonwealth v. Hunt case?

It was historically significant because it was a victory for the workers. It was established by the supreme court that labor unions are not and can’t be forbidden and that workers can unionize to protect themselves. Explanation: To understand the significance of Commonwealth vs. Hunt, one should know what this...

Define Nullification.

In relation to US history, nullification definition implies a state’s right to refuse to recognize Congressional law. Explanation: The right of nullification is based on the theory that the United States is the result of an interstate treaty, and they have the right not to comply with federal laws if...

What happened during the Dumbarton Oaks Conference?

The Dumbarton Oaks Conference was a conference that had the purpose of creating an international organization for maintaining peace and safety and was held from August 21st to October 7th, 1944. The representatives of the Conference formed a proposal, and it resulted in the San Francisco Conference that established voting...

Give the Treaty of Tordesillas definition. What’s its significance?

The Treaty of Tordesillas definition can be formulated as an agreement between Spain and Portugal, signed in 1494, which divided discovered lands between these states. The Treaty of Tordesillas has great significance for the history of America, since the peace between the two largest colonial countries allowed them to discover...

Provide the Details on the Gitlow vs New York Case.

Gitlow v New York summary: State of New York accused Gitlow of violating state law, according to which propaganda to overthrow the government is considered to be a crime. Explanation: Many people still wonder why was the supreme court’s ruling important in Gitlow v. New York. The use of the...

Informed consent is considered an application of which Belmont principle?

Informed consent is considered to be an application of one of the Belmont principles, which is respect for persons. Explanation: The National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research created the Belmont Report that identifies the ethical principles that might arise from healthcare research with...

Provide the details on Schism of 1054.

Schism of 1054, also called the East-West Schism, is the final separation of Eastern Christian church and Western church. It led to the creation of the two most substantial ramifications of Christianity, such as the Roman Catholic and Eastern Orthodox. Explanation: Schism of 1054 is known as the Great Schism...

Define institutional advertising.

Institutional advertising practice stands for a type of indirect expression of an industry’s benefits, ideas, and usefulness, in an attempt to build a positive image among the general public, thus making them more likely to get themselves involved with the businesses comprising said industry. Explanation: Institutional advertising is a business...

What is the Eisenhower Doctrine definition?

The Eisenhower Doctrine outlines that any Middle East country had the right to ask for the American economic support, as well as the assistance of the military in case of feeling threatened by other states. Explanation: The Doctrine was adopted in 1957 when Dwight D. Eisenhower was the President of...

What are the properties of the perfectly competitive market?

In a perfectly competitive market, all producers sell the same goods or services. A single seller or buyer cannot influence the price – it is established by balancing supply and demand. In a market of pure competition, there are no restrictions on entry and exit. Explanation: Perfect competition was considered...

What is the Volley principle?

Volley principle implies that the groups of neurons, or individual fibers, in the auditory system respond to a stimulus, or sound, in succession, while other groups of neurons respond to the second, and the following stimulus. Explanation: In 1937, the researchers Ernest Weaver and Charles Bray offered the hearing theory,...

Define price lining.

Price lining is a product differentiation strategy, which is defined by the company’s capabilities of producing lines of different products in order to appease every segment of the market, ensuring greater exposure and the potential to claim market share. Explanation: While small companies can be content with creating a product...

Define Pastoral society.

Pastoral societies represent those that base their livelihood on herding domestic livestock and a predominantly nomad lifestyle. The theoretical importance of pastoral society characteristics lies in their exhibition of non-progressive evolution. They have played an important role during the agrarian era because of the impact on ecological and evolutionary processes....

Provide a constitutional government definition.

A constitutional government definition implies a form of government that acts upon the authoritative document (constitution), which establishes the system of fundamental laws and principles that regulates the structure, functions, and limits of that government. Explanation: As such, this type of government is determined by the presence of a constitution...

What is form utility?

Form utility is the final form of utility presented to the customer by a finished product. The value presented by service or object is perceived as greater than the sum of its parts. Explanation: The prices of most goods are not determined solely by the sum of their parts. The...

What is double coincidence of wants? How to solve it?

A double coincidence of wants is a socioeconomic problem that depicts a situation where individuals that have something they want to trade must also coincide in wanting each other’s goods at the same time, in order for a transaction to be successful. In order to overcome this issue, money was...

What is a subculture. Give examples.

A subculture is a group of people that develops within a culture and is distinct from the broad consensus. Such a group is united by shared beliefs, values, traditions, and rituals that are unique and might not comply with the broader culture. and sociologists. Explanation: Sociology scholars at the Chicago...

What does the Atkinson-Shiffrin model state?

The Atkinson-Shiffrin model of memory is also known as the multi-story memory model. This model assumes the presence of three separate but sequentially connected memory systems such as sensory, short-term and long-term. Explanation: The Atkinson-Shiffrin memory model states that short-term memory section is a centerpiece of the memory acquisition and...

Define stockholders equity.

In accounting, stockholders’ equity is the total of all funds of the firm owned by it. The stockholders’ equity capital of the company is used to form a share of assets. A business entity operates with it when making transactions without restrictions or conditions. Explanation: Stockholders’ equity shows the part...

How did Swahili city-states manage to develop?

The Swahili city-states managed to develop mainly due to the boost in trade along the Indian Ocean Basin. Each of the Swahili city-states was an important trading center, including an extensive trading network. Explanation: The Swahili city-states on the map are located along the east coast of Africa from modern-day...

What is the definition of economic profit?

Economic profit refers to the gap that arises between the revenue received from a transaction and the expenses necessary to provide services or manufacture produces. When calculating it, businesses should deduct economic profits, opportunity costs as well as explicit costs. Explanation: When companies calculate their economic profits, they usually consider...

Where is USPS regional destination facility? How does it work?

A USPS regional destination facility is typically located in a city or area of a town, from which delivery operations to the postal offices can be organized. The regional destination facility acts as a warehousing and distribution sector within a particular area of responsibility. Explanation: The USPS delivery service operates...

What is institutional discrimination? Why is it bad?

Institutional discrimination definition is the discrimination by a large group, society, organization or social institution against members of a minority. Institutional discrimination may take place in the educational system, in commercial and production organizations, in the legal and judicial system, etc. Quite often there are cases of institutional discrimination in...

What are committees of correspondence? What is their purpose?

Committees of correspondence first emerged in the 18th century and were intended for American colonies to maintain the lines of communication before the Revolutionary War. For example, in 1772, Boston created the first committee of correspondence to facilitate the opposition to Britain’s stiffening the enforcement of customs and the ban...

Provide extolled definition.

The word “extolled” means “praised highly” or “lauded.” Extolled refers to proclaimed the glory of somebody or something. Explanation: The verb “extolled” has a positive meaning. It originates from the Latin “extollere” (ex – “out, upward” and tollere – “raise”). The antonyms for this word are “blamed” or “reproached”. Similar...

What are the types of federalism?

There are three basic types of federalism. They are dual federalism, cooperative federalism, and confederation. Some scholars include some other models on the list. The additional types are fiscal federalism, creative federalism, and new federalism. Explanation: The main types of federalism are dual federalism and cooperative federalism. Dual federalism draws...

Define restrictive endorsement.

A restrictive endorsement, which might also be called a restricted endorsement, is a written phrase on a check or other document that has a connection to finances. This sign imposes restrictions on the check, for example, restrictive endorsement “Paid in full”. Explanation: When somebody receives a check or a bill, they...

What is the unit cost? What is its significance?

A unit cost is the general cost of goods that are being manufactured and sold by a company. The concept of unit cost is important because it reflects the total expenditures that a business invests to manufacture a particular product. Explanation: Within financial accounting, the term of a unit cost...

What does the term “available for sale securities” mean?

The term AFS, or available for sale security, is a debt security or an equity security that were bought with the intention of either selling it before reaching maturity or keeping it for an extended period of time if it does not have a date of maturity. Explanation: Available for...

What is an internal growth rate?

An internal growth rate can be defined as the highest rate of growth a company is able to achieve without using any external funds. Explanation: With the use of growth rates, it is possible to estimate the activity of a company for a chosen distance of time and suggest its...

What defines percent of sales method?

The percent sales method of forecasting is approach of forecasting used by financial institutions and companies to predict their growth in sales. This method based of percentage of sales is primarily used to estimate and allocate the amount of resources needed in case the company grows in the coming year....

What is gross profit method? What are its advantages?

The gross profit method in inventory accounting and valuation is a common technique of assuming that margin ratio is available, thus, the subsequent calculations target identifying the ending inventory amount. The primary advantage of the given approach is the fact that it does not require physical presence of the inventory,...

What is grouped frequency distribution?

Grouped frequency distribution definition can be described as an indicator of how many times each variable value occurs in a set of grouped observations. The frequency distribution table is one of the easiest ways to present sociological observations. Explanation: The frequency distribution table consists of at least two columns, where...

What is stipulative definition?

A stipulative definition is a type of definition in which an existing or specially created description is assigned a new special meaning. Stipulative definitions can be used during the discussion in a specific context or as an argument, and also replace the dictionary meaning or lexical definition of the word...

Give detailed description of Mesoamerican civilizations.

Mesoamerican civilization is the complex of indigenous cultures that emerged in parts of Mexico and Central America before the 16th century and Spanish conquest. Some of the most widely known are the Incas, the Aztecs, the Mayans, and the Olmecs. Explanation: Mesoamerican cultures trace back to 3500 BC – Archaic...