A ________ is an explicit or implicit promise in a contract with a customer to transfer goods or services
A) constructive obligation
B) performance obligation
C) liability obligation
D) constructive liability
A
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Business ethics involves
a. how managers decide on what is right in conducting business b. how managers achieve what they decide is right for the business c. both a and b d. none of the above
Zero-based budgeting requires the preparation of budget from scratch
Indicate whether the statement is true or false
Kevin, an employee of Sunbeam, Inc, has gross salary for May of $7,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 20%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) A) debit to Cash for $5,064.50 B) credit to Cash for $5,064.50 C) debit to Employee Income Tax Payable of $5,064.50 D) debit to FICA Tax Payable of $5,064.50
A global brand is a brand marketed under the same name in multiple countries with similar and centrally coordinated marketing programs. However, adaptations of global brands are made
A. by domestic competitors causing brand confusion. B. only in its initial introduction into a market and only until the brand is recognized. C. only if required by government regulations in the host market. D. only when necessary to better connect the brand to consumers in different markets. E. when there is a serious drop in market share.