Revenue Is Earned When

question 82

Multiple Choice

Revenue is earned when

• A)a contract is signed by both parties.
• B)the seller substantially completes performance required by an agreement.
• C)the buyer completes payment required under an agreement.
• D)the buyer accepts delivery and completes required payments.

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Definitions:

Instrumentality

The perceived relationship between performance and the attainment of desired outcomes.

Equity Comparisons

The process by which individuals assess fairness in distribution of resources by comparing their own balance of contributions and rewards to others'.

Equity Theory

A psychological theory stating that individuals assess their job satisfaction and motivation by comparing their job inputs (effort, skill level, etc.) and outcomes (salary, recognition) with those of others around them.

Underpaid Individual

A person who receives less compensation for their work than is considered fair or equitable relative to their job role, industry standards, or the value they provide.