Bailey Consulting, a Winnipeg Based Company, Has Just Signed a Contract

question 73

Multiple Choice

Bailey Consulting, a Winnipeg based Company, has just signed a contract to complete a strategic plan for a local business. This plan will likely take 2 to 3 months to complete. How should Bailey Consulting recognize revenue?

• A) percentage of completion method
• B) equally over the term of the contract
• C) at the time of contract signing
• D) all revenue at the end of the job

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Definitions:

Antisocial Personality Disorder

A mental disorder characterized by a long-term pattern of disrespect for, and violation of, the rights of others.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate, digestion, and respiratory rate.

Electrically Shocked

The experience of undergoing an electric shock, which is the sudden discharge of electricity through a part of the body, potentially causing harm.

Psychoanalysis

A therapeutic approach and theory of mind developed by Sigmund Freud, emphasizing unconscious motives and conflicts as the drivers of human behavior.