CAT Questions

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Unearned revenue is the money or revenue earned for the product or the service that is not yet sold or provided to the customer. Hence, it comes under liabilities.

Money spent by the government on government programs such as road work, electricity work, manhole, etc... that are aiming to contribute to the nation's social welfare in long and short term are referred to as Goverment Expenditures.

With a positive attitude you see the bright side of life, become optimistic, and expect the best to happen. It is certainly a state of mind that is well worth developing. Not only it enriches one’s experience of life, but it also paves the way for self-development leading one towards attaining the desired results. As regards employment, it is a valuable thing to maintain positive attitude. Whether you are a manager or a subordinate, maintaining positive attitude in the work place brings lots of benefits while allowing you to fulfill your objectives successfully.
A positive frame of mind can help you in many ways, such as:
- Making you feel inspired.
- Identification.
- Believing in yourself and in your abilities.
- You look for solutions, instead of dwelling on problems.
- The most important thing is building relations.

The three major amendments that were passed shortly after the Civil War are the reconstruction amendments that were the 13th, 14th, and 15th amendments.

The 13th Amendment abolished slavery,

The 14th granted African American citizenship and equal protection before the law, (and)

The 15th Amendment attempted to secure the right to vote for newly freed slaves. 

Capital budgeting is the process by which a company or an industry determines whether projects such as investing in R&D, opening a new branch, replacing a machine are worth pursuing. A project is worth pursuing if it increases the value of the company. Capital budgeting also known as investment appraisal. 

It is primarily concerned with evaluating investment alternatives.