Questions

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.

There are two major forms of democratic government.

I. Parliamentary
II. Presidential

The citizens elect the leaders in democratic government.

The main difference is legislative and executive branches.

Executive - head of government
Legislative - how laws are made

I. Parliamentary democratic government : (example - United Kingdom )

1. Parliament = Legislature (Laws)
2. Parliament controls the power
3. Head of government is a prime minister chosen by the legislature
4. Prime minister and cabinet are members of the legislature
5. Prime minister answers to the legislature (fusion of powers)
6. The government will stay in office for a specified period unless the prime minister loses support of the majority on an important vote.
7. If this occurs- the P.M. must resign and elections are held immediately.

II. Presidential democratic government : (example - United States of America)

1. The executive and legislative branches are separate bodies elected independently by the citizens.
2. Separation of Powers
3. There are checks and balances where each branch can overrule the other.
4. The president answers to the voters, not the legislature.
5. The people elect the president, and elections are held at set intervals.

Although it is less accurate than adding up individual costs from the WBS, it is less time consuming. The trade-off is accuracy. Answer A is incorrect because to do a more accurate cost estimate, you need to delve into details. Answer C is tempting also, and possible, except we don't really know if the project in question can use perametric modeling . Answer D is incorrect because it takes the most time, but it is most accurate.

TIME is what we can measure in Years, Months, Days, Hours, Minutes and Seconds but we cannot see.

Heritable variation is one of the four most important factors that affect whether natural selection can occur. These factors include

1) Heritable variation

2) Descent with modification

3) Struggle for survival, and necessarily if the others are satisfied

4) Survival of the fittest.

Heritable variation allows for possibly beneficial, negative, or even neutral mutations to get filtered during each generation by natural selection--weeding out negative mutations, passing on positive and neutral ones. Without heritable variation, species would quickly fall victim to parasites who take advantage of identical genetic material in a population and evolution would not occur.

Variation is the raw material of evolution.