Define a Variable and Give Two Examples That Would Apply

question 55

Essay

Define a variable and give two examples that would apply to economics.

Recognize different types of maps and their specific uses in geology.

Understand the concept of stratigraphic sections and their use in depicting rock unit thicknesses.

Interpret the effects of igneous activity on surrounding rocks.

Recognize the significance of evolutionary diagrams in understanding the geological history.

---

Definitions:

Purchase Discount

A deduction from the gross amount of an invoice allowed by the seller to the buyer for early payment.

Sales Taxes

Taxes imposed by governments on sales of goods and services, collected by the retailer at the point of sale and passed on to the government.

Revenue

The increase in assets or decrease in liabilities resulting from the sale of goods or the performance of services in the normal course of business.

ASPE

Accounting Standards for Private Enterprises; a set of accounting policies and procedures specifically for private companies in Canada.