Which of the Following Companies Whose Business Involves Long- Term

question 502

Multiple Choice

Which of the following companies whose business involves long- term contracts will be eligible to use the completed contract method?

• A) Only companies whose contract price is collected upon completion of the contract.
• B) A home construction company averaging $30 million in gross revenues each year.
• C) A small specialized historic renovation company whose projects typically last three year. Revenues average $20 million per year.
• D) all of the above.

Comprehend how pay influences job performance and worker motivation.

Understand the basic concepts of Freudian psychoanalytic theory including the id, ego, and superego.

Identify and explain the psychosexual stages of development according to Freud.

Describe the mechanisms of defense as proposed by Freud and their functions.

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Definitions:

Profit Maximizing

The process or strategy of adjusting production and sale operations to achieve the highest possible profit.

Deadweight Loss

A reduction in economic productivity happens when a good or service fails to reach or cannot attain its equilibrium state.

Output

The total amount of goods or services produced by a person, machine, or industry during a given period.

Price Taking Firm

A company that must accept the market price for its product, as it has no power to influence the price due to intense competition or market conditions.