HUM100 Lecture Notes - King James Version
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8. Have you ever worn something from a culture other than your own? This includes thing like hairstyles, clothes and accessories.
Yes. Not only me, at present most of the people, all over the world are doing the same. In this world we live in a together in a society with people from different places, different customs, and backgrounds. As we live together, we grow together, we also learn about other cultures and we accept them. There is a mutual two way exchange of cultural behaviors. This process is usually called "Acculturation". Also with technologies like television, internet, social media, etc. There is a widespread of information which is easily accessible to everyone. People following other cultures is most commonly evident in their dressing style (fashion). For example, long ago in India, ancestors used to wear Kurtas and dhotis. Where as we can see now present generation wearing jeans, t-shirts, and shirts of different patterns which is originally adopted from western culture. |
9. If yes, did you know the meaning, significance and importance of that symbol?
our aunt recently received the annual report for a company inwhich she has invested. The report notes that the statements havebeen prepared in accordance with "Generally Accepted AccountingPrinciples." She has also heard that certain terms have specialmeanings in accounting relative to everyday use. She would like youto explain the meaning of terms she has come across related toaccounting.
How is "Materiality" defined in the conceptual framework?
A. | The Conceptual Framework defines materiality as fivepercent. | |
B. | Materiality is strictly a quantitative characteristic ofaccounting information | |
C. | Materiality and relevance are both defined in terms of whatinfluences or makes a difference to a decision maker | |
D. | None of these are correct |