The revenue principle states that revenue should be recognized at a point when
a. an exchange transaction involving goods and services has occurred and the earnings process is essentially complete.
b. an order for shipment of a definite amount of merchandise has been received.
c. a contract between buyer and seller has been signed by both parties.
d. the seller has shipped merchandise to a customer under the terms that the customer need not pay for the merchandise until it is sold.
A
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Answer the following statements true (T) or false (F)
1. The workplace is less diverse and more complex than it was a few decades ago. 2. Technology eliminates the need for multicultural awareness. 3. Scientific management identifies the most efficient and effective manner for performing a task. 4. Gangplank theory was the first formal recognition of horizontal communication. 5. Dale Carnegie was one of the first writers to link communication skills with managerial effectiveness.
Which of the following is true of nonverbal communication??
A) ?It is the best channel of communication when a high degree of control is to be maintained over a message sent. B) ?It is difficult to interpret for a variety of reasons, mainly because it is not generally considered a coded language. C) ?It is appropriate when the message to be communicated should be precise and should avoid chances of ambiguity. D) ?It is an efficient channel of communication when long and complex messages have to be delivered.
List five key variables on which success in the home construction industry depends.
What will be an ideal response?
If parties to a contract dispute a missing term, the court could simply fill-in the missing term using the __________ provisions of the UCC
a. Gap-Filler b. Conditional Acceptance c. Battle of the Forms d. Knockout Rule