All of the following are true regarding unearned revenues except:
A. The adjusting entry for unearned revenues increases revenues and decreases liabilities.
B. As they are earned, they become revenues.
C. They are liabilities.
D. The adjusting entry for unearned revenues increases assets and increases revenues.
E. They are payments received in advance of services performed.
Answer: D
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A graph of decisions and their possible consequences is known as a(n)
A. decision tree. B. Gantt chart. C. results chart. D. outcome matrix. E. fishbone diagram.
Refer to the scenario above. Which of these statements is BEST?
A) Only four of these activities have zero slack. B) The late finish of D minus the late finish of C is less than the slack of B. C) B's latest start plus its slack equals F's late finish. D) The sum of the latest start times for activities A through E is less than the sum of the latest start times for F and G.
Notren, Inc, a U.S. company, and SWT, a Singapore company, entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "Any disputes that arise under this contract will be resolved in the courts of Singapore." This contract term is a A)letter of credit
B)choice of language clause. C)choice of forum clause. D)draft clause.
The final stage of the new service development process is:
A. Post introduction evaluation B. Fine tuning of the positioning strategy C. Commercialization D. Business strategy development E. Market research