The Primary Difference Between Revenues and Gains Is

question 61

Multiple Choice

The primary difference between revenues and gains is:

• A) Gains are increases in net assets from peripheral activities while revenues are increases from ongoing activities.
• B) Revenues increase operating income and gains have no impact on net income.
• C)Revenues cause increases in net assets as a result of peripheral activities and gains cause increases through ongoing activities.
• D)Gains result in an increase in operating income whereas revenues do not impact operating income.

---

Definitions:

Team-Based Structure

An organizational framework that emphasizes teamwork and collaboration, often organizing employees into project teams or groups rather than traditional hierarchical departments.

Flat Hierarchy

An organizational structure with few or no levels of middle management between staff and executives, which can encourage more open communication and quicker decision-making.

Formalization

The process of establishing official procedures, rules, and documentation within an organization.

Work Processes

The established methods and procedures used to effectively complete tasks and achieve organizational goals.