Which of the Following Is Not Criteria Pertaining to the Revenue

question 113

Multiple Choice

Which of the following is not criteria pertaining to the revenue principle?

• A)The goods or services have been delivered.
• B)The selling price is fixed or determinable.
• C)Collection is reasonably assured.
• D)The cash payment has been received.

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Definitions:

Pull Strategy

A marketing approach that aims to create demand for a product or service among consumers, encouraging them to request the product from retailers, who then order it from the supplier.

Speculation

The act of trading in an asset, or conducting a financial transaction, that has a significant risk of losing most or all of the initial outlay, in the expectation of a substantial gain.

Customization

The process of modifying a product or service to meet individual customers’ preferences or specific requirements.

Pull Strategy

A marketing approach that aims to create demand for a product or service and entice customers to actively seek it out, often through promotions and awareness campaigns.