This assignment involves three questions that must be answered with a minimum of 400 words and two references. There is no need for a cover page or reference page, but please add the particular references following the question they pertain to.
(1) What is the difference between a theory and a model?
(2) Discuss the IoT. What do you think are the main concerns that a business would have? Do you think the advantages of IoT outweigh the disadvantages?
(3) Compare and contrast process costing systems. How can events in a job-order costing systems affect financial statements.? How can events in a process costing system affect financial statements. Provide specific examples of each type.