Explanation

• FDI stands for Foreign Direct Investment.
• It refers to an investment made by an individual or company from one country into a business or productive assets in another country.
• FDI can help increase capital, employment, technology, and economic growth.
• It is an important indicator of a country's ability to attract foreign investment.

Last verified on 01-09-2026

Explanation

Explanation

• Prudence is the accounting concept associated with FRS 38 (and its international equivalent, IAS 38 Intangible Assets),
• Financial Reporting Standard 38 (FRS 38)
• It helps avoid overstating assets or income.
• It is associated with careful recognition and measurement.

Explanation

• Replacement Cost Accounting uses current replacement costs.
• It differs from historical cost, which uses the original acquisition cost.
• It provides information about the current cost of replacing assets.
• It can be useful when prices change significantly.

Explanation

• Ombudsmen are not considered a traditional pillar of Public Administration.
• Traditional Pillars
• Executive: Enforces and carries out laws.
• Legislature: Makes and passes laws.
• Judiciary: Interprets laws and applies justice.

Explanation

• Public Administration draws its foundation mainly from Political Science and Management Science.
• Political Science: Defines the policies, laws, and public purpose of government.
• Management Science: Provides the tools for execution, efficiency, and organizational structure
• Law: Establishes the rules, boundaries, and accountability.

Explanation

In accounting, an economic event occurs when a transaction is recognized and recorded

• Measurable: The event must have a clear money value.
• External or Internal: It can happen with outside groups or inside the business.
• Changes Value: It alters what the company owns or owes.

Explanation

• When a politician tacitly approves a policy, it generally means they continue the previous policy by giving silent or unexpressed consent without officially announcing it.

Meaning of Tacit Approval

• Silent agreement: They do not speak up or object to the rule.
• Going along: They let the current system stay in place without change.
• Implied support: Their lack of action shows they accept what is already happening.

Explanation

• POSDCORB explains the important functions of administrators.
• Developed by Luther Gulick and Lyndall Urwick in 1937
• The acronym outlines seven core duties of management
• Planning
• Organizing
• Staffing
• Directing
• Coordinating
• Reporting
• Budgeting

Explanation

• Federalism divides powers between different levels of government.
• The national government handles broader national matters.
• State or local governments manage matters within their jurisdiction.
• This division helps distribute administrative responsibilities.