Who is accounting ingrained in our society and it is vital to our economic system

I disagree with the first answer. A disadvantage to manual accountingis the risk of fire destroying records or a risk of human error.

Whether it be from the government, private leaders etc. Some would say, the less involvement the better and others argue that strict regulation and controls are required to reach the markets optimal output.

What is an economic system?

The large project of the Canadian -US energy pipelinehas been stopped on several occasions by the Federal Government; D. Simple systems require complex people who are capable of accepting responsibility for their actions and when necessary accepting responsibility for others.

What is the economic system? What country has a similar economic system to the US? Societies form economic systems because?

In order to exist within a given civilization or society the ability to freely engage in commerce is vital to ones survival. When an individual chooses to be free that person is more inclined to advocate free market systems.

Write not more than 3 lines explaining the different between the economic profit and accounting profit? Management will make poor decisions based on poor or non-existent accounting systems. Any way i think its beacuse if countries didnt have on then the procces in which the produce the goods and services would be very unorganized weird or What was the economic system of the US?

What type of economic system does the US use? Everyone needs someone that could point them in the right direction sometimes. The Economic System are the means by which countries andgovernments distribute resources and trade goods and services. In order to exist within a given civilization or society the ability to freely engage in commerce is vital to ones survival.

It can changean industries structure to avoid any hints of monopolies or otheracts regarding trade unions as an example; and E.

What type of economic system does the US have?

After all, ignorance of the law is no excuse. Simplicity however, is not a system for the simple minded who seem to prefer complex systems. There are several major differences: What is the economic system of the US? Outside of primitive hunter gathering agrarian systems, the more civilized the society the more necessary for a market place.

Property is privately held in the US though the US government does own substantial amounts of land, especially in the western US ; in China, all land is nominally owned by the government, which issues "use contracts" usually of 70 year duration to companies and private citizens.Sep 18,  · A poor accounting system, whether it is sloppy or just plain illegal can ruin a business.

Management will make poor decisions based on poor or non-existent accounting systems. Management sometimes chooses to use accounting for unethical motives.

In either case, accounting IS ingrained in society and affects the economic system for better or killarney10mile.com: Resolved. 1 Answer to “Accounting is ingrained in our society and is vital to our economic system.” Do you agree?

Explain. - In either case, accounting IS ingrained in society and affects the economic system for better or worse.

Accounting is vital because is a gauge that gives an indication of how well the economy is growing, the areas that need improvement and the areas that need to be improved. Accounting is ingrained in our society and it is vital to our economic system in the U.S. How does this fit with your perception of accounting?

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“accounting is ingrained in our society and it is vital to our economic system.” do you agree? explain. - Interested in Accounting is ingrained in our society and it is vital to our economic system in the U Bookmark it to view later. Bookmark Accounting is ingrained in our society and it .

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Who is accounting ingrained in our society and it is vital to our economic system
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