A Performance Obligation Is a Promise to Transfer a Good

question 134

Multiple Choice

A performance obligation is a promise to transfer a good or service that is ________.

• A) indistinguishable
• B) distinct
• C) available
• D) nondescript

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Definitions:

Delegate Authority

The act of transferring decision-making powers or tasks from one person to another, while maintaining responsibility for the outcome.

Productivity Increases

The enhancement in the efficiency of producing goods or services, typically measured by the ratio of output to inputs used in the production process.

Motivation

The psychological forces or reasons that inspire individuals to take certain actions or pursue particular goals.

Employees Stop

Refers to a situation where employees cease work, often in the form of a strike or work stoppage, to protest working conditions, seek better wages, or other employment-related issues.