Which of the Following Should Be Included in Computing a Revenue

question 34

Multiple Choice

Which of the following should be included in computing a revenue budget for a professional services firm?

• A)Wage rates.
• B)Predetermined overhead rate.
• C)Billing rate.
• D)Direct costs.

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Definitions:

Discounting Principle

A concept in social psychology that suggests when there are multiple possible causes for a behavior, less significance is given to any single cause.

Correspondent Inference

An inference about a person's disposition or character based on observed behavior, especially when the behavior is freely chosen.

Consensus Effect

The tendency for people to overestimate the extent to which others share their views, beliefs, and experiences.

Self-Perception Theory

A theory suggesting that individuals determine their attitudes and preferences by observing their own behavior and the circumstances in which it occurs.