Elaborate on the phrase "domain as a concept."

What will be an ideal response?


Domain is a concept, which means it is a perception of reality, not the reality itself – even though the perception might come very close to reality. Nevertheless, domains do display an inherent logical coherence once we discover the rules or, perhaps, once we select and organize them based on our preferences and our aims. Animal Kingdom is a recognizable domain: We distinguish between the rules that apply to a bear and those that apply to a rose, which belongs to the Plant Kingdom.
Domains, however, are not mutually exclusive. Within one domain, we can distinguish other domains and sub-domains: birds and mammals within the Animal Kingdom, for example. They may also overlap: we can take elements from one domain, combine it with elements from another one and come up with a new domain that is equally valid. For example, take a fly from the Insects domain, a finch from the Birds, and a bat from the Mammals and we are likely to "discover" a domain in which the rules of aerodynamics apply because they all fly. The new domain does have an internal coherence and an objective reality, but we arrive at it by an act of selection.

Business

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When bonds are redeemed at a loss, the journal entry would require a credit to Extraordinary Loss on Early Extinguishment of Debt

a. True b. False Indicate whether the statement is true or false

Business

The marketing team would develop the advertising campaign to promote the newest product but the engineers wanted to keep all product details a secret during development

The service and operations branches of the company were also in the dark, so product rollout was going to be their initiation as well. This project has a very high: A) Political risk. B) Operating risk. C) Organizational risk. D) Integration risk.

Business

Which of the following is an example of a core competency?

A) facilities B) top quality C) low-cost operations D) on-time delivery

Business

What is the Official Reserves Account (ORA), and why is it more important for countries under a fixed exchange rate regime than for ones under a floating exchange rate regime?

What will be an ideal response?

Business