A company has satisfied its performance obligation when the:
a. company has received payment for goods or services.
b. company has significant risks and rewards of ownership.
c. company has legal title to the asset.
d. company has transferred physical possession of the asset.
Ans: d. company has transferred physical possession of the asset.
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A discrete source of discharge such as a factory, mine, ship, or pipeline is known as a(n):
a) area source. b) line source. c) volume source. d) point source.
Which of the following statements is true regarding leaders and responsibility?
A. CEOs get to enjoy high salaries, but responsibility lies at lower levels of the organization. B. CEOs have managed to be less responsible and accountable than in the past. C. CEOs are being held to higher levels of accountability than ever before. D. CEO misconduct has very little impact on the long-term results for organizations.