Name Two Principles or Standards from the APA's (2002) Ethical

question 41

Essay

Name two principles or standards from the APA's (2002) Ethical Principles of Psychologists and Code of Conduct that address multiculturalism.

Identify and classify adjustments in bank reconciliation.

Record journal entries related to bank and cash transactions.

Calculate adjusted cash balances using reconciling items.

Understand the role of internal controls in managing cash.

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Definitions:

Economic Inefficiency

A situation where resources are not allocated optimally, leading to wastage or less than maximal output in an economy.

Food, Conservation, and Energy Act

U.S. legislation enacted in 2008 aimed at governing a wide range of agricultural and food policies, including crop insurance and nutritional programs.

Target Price

A pre-set price determined by a company or government at which a product, especially in agriculture, is aimed to be sold in the market.

Countercyclical Payment

A fiscal mechanism used to reduce the economic fluctuations by providing economic support during downturns and less support during growth periods.