Companies may use the completed-contract method only if the contract ________
A) is for less than two years
B) exceeds five years
C) does not meet criteria for percentage of completion method
D) does not meet criteria for installment sales method
Answer: C
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Which of the following characteristics would not stop an insurance company from accepting an insurance risk?
A. The item to be insured faces high catastrophic loss exposure. B. The item to be insured is part of a large group of homogeneous exposure units. C. The item to be insured has a market value difficult to determine. D. The item to be insured holds no hardship to the owner should it be lost or damaged.
A company must consider the product's stage in the life cycle and its importance in the company's portfolio before responding to a competitor's price cut
Indicate whether the statement is true or false