What Is Object Language? Provide an Example of How Object

question 27

Essay

What is object language? Provide an example of how object language might affect business communication.

Understand and calculate work in process inventory based on given days' sales.

Understand the lean business model and its application beyond manufacturing.

Understand how days' payable outstanding is calculated and interpreted.

Identify and understand lean manufacturing principles and their impact on transaction recording.

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Definitions:

De Jure Corporation

Latin for “lawful corporation” a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

De Facto Corporation

A company that acts like a corporation and enjoys some of its benefits, despite not being duly incorporated according to statutory requirements.

Corporation By Estoppel

A defective corporation that has conducted business with a third party and therefore cannot deny its status as a corporation to escape liability.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often referring to income taxed both at the corporate level and personally.