- Explain the process of operations and the way they differ from job order operations.
- Define equivalent units and explain their use in process cost accounting.
- Describe accounting for production activity and the preparation of a process costing summary using weighted average.
Unit 1 DB: What Function of Law is Most Important? (LAW204 Business Law)
Considering the functions of law as defined in the assigned reading for this unit:
Peacekeeping
Checking government power and promoting personal freedom
Facilitating planning and the realization of reasonable expectations
Promoting economic growth through free competition
Promoting social justice and protecting the environment.
Explain which function of the law, in your opinion, is the most important. Can the government legislate morality? Explain.