Question: In a manufacturing context, explain how product costs can be classified as an asset and then as an expense. What are the underlying principles behind

In a manufacturing context, explain how product costs can be classified as an asset and then as an expense. What are the underlying principles behind this accounting treatment?

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1. Explain the following statements: a) Objective reality is always subjectively interpreted. b) What we know depends on whom we got to know it from.

4. Give examples from your everyday life where the process affects the result, but where the result also affects the process.

6. Give examples of circular patterns in a communication situation that you have participated in, where element A affects B, and B affects A.