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Fact Pattern 21-1
Craig applies for a job at Dispatch Transportation,Inc. ,for which he is well qualified.He passes a test to determine which applicants are eligible for hiring,but the employer discards the results,and Craig is rejected.Dispatch continues to seek applicants.
-Refer to Fact Pattern 21-1.Craig files a suit against Dispatch under Title VII of the Civil Rights Act,claiming discrimination.To support this claim,Craig must show that he is a member of
Performance Obligation
A commitment in a contract to transfer a good or service to a customer.
Allocation
The process of assigning a cost or an income to various accounts, departments, or periods as part of accounting efforts.
Transaction Price
The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer.
Principal/Agent
A relationship in which one party (the agent) is authorized to act on behalf of another party (the principal) in conducting transactions.
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