Which of the following types of service transactions is most likely to require the proportional performance method of revenue recognition based on the seller's direct costs to perform each act?
a. Processing of monthly mortgage payments by a mortgage banker
b. Providing lessons, examinations, and grading by a correspondence school
c. Providing maintenance services on equipment for a fixed periodic fee
d. Delivering freight (by a trucking firm)
B
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You have worked in upper management for ten years, but your company is downsizing and you are worried you will lose your job
According to Maslow's Hierarchy of Human Needs, your fear of losing your job would be a part of which of the following human needs: a. Basic/Physiological needs b. Security/Safety needs c. Belonging needs d. Love/esteem needs e. Self-actualization needs
The element of bargained-for exchange distinguishes contracts from gifts
Indicate whether the statement is true or false
Top-down budgeting methods are commonly used because of
A. the growing availability of computer simulations. B. the ease with which a manager can assess the impact of sales on ROI. C. the upper management's desire for control. D. their effectiveness. E. their quantitative nature.
The key advantage of a PBX is that it saves the cost of requiring the enterprise to implement individual lines for each user to the telephone company's central office
Indicate whether the statement is true or false