Ottenheimer Considers Lettuce to Be a Better Example of a Category

question 4

Multiple Choice

Ottenheimer considers lettuce to be a better example of a category of SALAD GREENS than dandelions are. What best explains her categorization of SALAD GREENS?

• A)prototype theory
• B)feature analysis
• C)contrast analysis
• D)componential analysis

---

Definitions:

Revenue Recognition

The accounting principle that dictates the conditions under which revenue is recognized and how to measure the amount to be recorded.

Percentage-Of-Completion Method

An accounting method that recognizes revenues and expenses of long-term projects proportionately with the degree of completion.

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.

Contract Revenue

Revenue recognized by a company from contracts for the sale of goods or services, often recognized over the period of the contract based on the completion or delivery of services/goods.