Under ASPE, the Profession Requires That the Percentage-Of-Completion Method Be

question 185

Multiple Choice

Under ASPE, the profession requires that the percentage-of-completion method be used when certain conditions exist.Which of the following is NOT one of those necessary conditions?

• A)Estimates of progress toward completion, revenues, and costs are reasonably
• Dependable.
• B)The contractor can be expected to perform the contractual obligation.
• C)The buyer can be expected to satisfy some of the obligations under the contract.
• D)The contract clearly specifies the enforceable rights of the parties, the consideration to
• Be exchanged, and the manner and terms of settlement.

---

Definitions:

Effect Size

A quantitative measure of the magnitude of a phenomenon or the strength of the relationship between variables, often used in statistical analysis to assess the significance of findings.

Standard Deviation

Standard Deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data points from their mean.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (or return) of an investment by the cost of the investment.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for performing specific jobs.