In a Service-Type Business, Revenue Is Considered Recognized

question 200

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:

Business Ethics

The study of appropriate business policies and practices with regard to potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, and corporate social responsibility.

Federal Sentencing Guidelines

Rules established by the United States federal government that set out a uniform policy for sentencing individuals and organizations convicted of felonies and serious (Class A) misdemeanors.

Business Misconduct

Unethical or illegal actions undertaken by individuals or organizations in a business context.

Government Regulation

Laws and directives imposed by governments in order to control or modify economic, social, or individual behaviors within a country.