Which of the Following Is Not an Example of an Entity

question 11

Multiple Choice

Which of the following is not an example of an entity retaining significant risks and rewards of ownership?

• A) The entity retains an obligation for unsatisfactory performance not covered by normal warranty provisions.
• B) The goods are shipped subject to installation, and the installation is a significant part of the contract that has not yet been completed by the entity.
• C) The buyer has the right to rescind the purchase for a reason specified in the sales contract. The entity is confident that this option will not be exercised.
• D) The receipt of revenue from a sale is contingent on the buyer reselling the goods.

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Definitions:

Constructs

Constructs are complex theoretical concepts used in various disciplines to understand patterns of behavior, phenomena, or relationships.

Deviance

Behaviors or actions that violate societal norms or expectations, ranging from minor infractions to serious crimes.

Lemert

A sociologist known for differentiating between primary and secondary deviance in his theory of deviance.

Secondary Deviation

The process by which an individual's self-concept and behavior begin to change after society labels them as deviant, leading to further acts of deviance.