What is an object, and what are its characteristics in the object-oriented approach? Give two examples.

Q: Define BOM along with an example.

A: There are different types of BOM based on the specific engineering used in the design process or…

Q: Novello Medical Center has a single operating room that is used by local physicians to perform…

A: Answer a) Computation of estimated Number of operating room hours for the year is as follows:…

Q: What is meant by cardinality in entity relationship diagrams?

A: An entity relationship diagram is a representation of all the resources that are associated with the…

Q: What is a user view?

A: Database Management:  Database management refers to management of databases held within an…

Q: Read and interpret anincome statement.

A: It shows the income generated by the company.

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: What is the purpose of EDI?

A: Electronic data interchange: The expansion of EDI is Electronic Data Interchange and it allows the…

Q: Problem 8-24 X Corporation issued its share capital in exchange for a portion of land with lar value…

A: Lump sum sale of shares means when company issue two or more securities against cash or asset. For…

Q: what is an example of data flow diagram, fixed asses system?

A: A data flow diagram (DFD) refers to a graphical representation of a flow of any information or…

Q: What is an REA diagram?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: . What is linear programming? Briefly explain the usefulness of the model.

A: A mathematical optimization technique called linear programming is used to determine the optimal…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: 11.The CAN (Collective Negotiation Agreement) is considered as a benefit for public employees…

A: CAN + 13th month pay + other benefits > Php 30,000 are taxable

Q: Explain an example of faithful representation.

A:

Q: Define agent

A: Introduction: An agent is a party that has oral or written authority to perform for another…

Q: What is the full form of ERP? Explain ERP with examples?

A: ERP means Enterprise Resource Planning, it is a process management software used by organizations to…

Q: What is the objective of having a conceptual framework?

A: Conceptual framework means set of rules and guidelines that help the users and preparers in…

Q: Explains the difference if we prioritize Information Systems (A) first.

A: Prioritizing Information Systems (A) first within an organization represents a strategic approach…

Q: Explain an example of external users.

A: Financial Statement:   They are annual reports of an organization summarizing the financial…

Q: Define the term lnvesting activities? Explain with an example?

A: Investing activities are the activities in a business which involves investment done during a…

Q: Distinguish between object classes and instances.

A: Definition: Object: An object is the name of any item that represents two characteristics that are…

Q: Why is the object-oriented approach particularly suited to ERP system design?

A:

Q: What is view modeling?

A: Definition: View modeling: The modeling technique used for the creation of an individual REA diagram…

Q: What does the concept "substance over form" stand for?  Can you provide me with some examples?

A: Substance over form: It is an accounting concept, which means that the business must record those…

Q: What assertions are tests for transaction classes?

A: Management assertions are the claims made by the management about the items in the financial…