Information Used to Assess External Equity Is Mostly Collected Through

question 4

Multiple Choice

Information used to assess external equity is mostly collected through _____.

• A) pay surveys
• B) a point system
• C) a classification system
• D) job evaluation
• E) maturity curves

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Definitions:

Earned Revenue

Income generated from business activities, recognized when goods are delivered or services are performed, regardless of payment timing.

Realized

Pertaining to gains or losses that have occurred and have been completed through the sale or other disposition of an asset.

Realizable

Pertaining to assets, it refers to the amount of money that can be received from their sale or disposal under normal circumstances.

Percentage-of-Completion

An accounting method typically used in long-term contracts, recognizing revenues and expenses in proportion to the work completed during the period.