The revenue recognition principle requires that revenue be recognized when goods or services are provided to customers, and at the amount expected to be received from the customer.
Answer the following statement true (T) or false (F)
True
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Which of the following is a reason that marketing to Hispanics has proven to be a challenge?
A. Hispanics prefer imports to American-made products; they tend to be ethnocentric in their product preferences. B. The Hispanic subculture is diverse. C. Hispanics don't consider advertising a credible source of product information. D. Assimilation is valued and the Hispanic community finds cultural target marketing offensive. E. Hispanics communities are spread across the entire country and therefore difficult to target.
Joseph Claiborne has just invested $180,000 in a coffee shop. He expects to receive cash income of $40,000 a year. What is the payback period?
A) 2.5 years B) 3 years C) 3.5 years D) 4.5 years E) 5 years
Beck rights allow union workers to pay only that portion of union dues that goes to:
A. Contract negotiations and administration B. Union organizing and advertising C. Political lobbying D. Union education campaigns
In organizations, most situations and outcomes are contingent; that is, the precise relationship between any two variables is likely to be dependent on other variables.
Answer the following statement true (T) or false (F)