Revenues are realized when a company exchanges goods and services for cash or claims to cash.
a. true
b. false
Ans: a. true
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Bob, the owner of Quality Catering, is driven by competition. He is very focused on meeting deadlines and quality, and to deliver the results that customers want. He pushes his managers to continually exceed their productivity goals, and stresses that profits take precedence over employee development and satisfaction. Bob feels "there is not enough time for training." However, his employees are regularly rewarded for their success in meeting company goals. This is an example of a(n) ________ culture.
a. clan b. market c. hierarchy d. target-driven e. adhocracy
The interests of a seller and a buyer under a land contract are determined by
a. the doctrine of equality. b. the doctrine of equal conversion. c. the doctrine of equitable conversion. d. treating land as personalty.