The Acronym PASS Is a Helpful Way to Remember

question 35

Multiple Choice

The acronym PASS is a helpful way to remember:

• A) the basic principles of body mechanics.
• B) the steps for using a fire extinguisher.
• C) the steps in preparing a patient for transport.
• D) the steps involved in cleaning up a hazardous spill.

Calculate depreciation using different methods, including straight-line, units-of-production, and declining-balance.

Identify the differences between depreciation, amortization, and depletion.

Understand the financial impact of disposing of assets, including recognizing gains or losses.

Recognize the importance of residual value and useful life in calculating depreciation.

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Definitions:

Employed

The state of having a paid job or being engaged in a profitable activity.

Unemployed

Individuals who are willing and able to work but cannot find employment.

Inflation Rate

measures the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

1960s

Refers to the decade from 1960 to 1969, characterized by significant social, political, and cultural changes worldwide.