In a Service-Type Business Revenue Is Considered Recognized

question 165

Multiple Choice

In a service-type business revenue is considered recognized

• A) at the end of the month.
• B) at the end of the year.
• C) when the service is performed.
• D) when cash is received.

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Definitions:

Psychosocial Adjustment

The process of adapting to and coping with interpersonal and societal expectations and pressures.

Altruism

Behavior intended to help others out of inner concern and without expectation of external reward; may involve self-denial or self-sacrifice.

Conscientious

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Risk Taker

An individual who is willing to engage in behaviors that have the potential for significant loss or gain.