The Revenue Principle Requires Four Conditions to Be Met

question 31

Multiple Choice

The revenue principle requires four conditions to be met.Which of the following is one of the four conditions?

• A)The customer has paid for the goods or services.
• B)Delivery of goods or performance of service has occurred or is scheduled to occur.
• C)The price is fixed or determinable.
• D)The customer has signed a contract.

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Definitions:

Norm Formation

The process by which new standards of behavior, attitudes, or beliefs become established within a social group.

Group Dynamics

The patterns of interaction, including the processes and behaviors, that occur within a group setting.

Experimental Social Psychology

A branch of psychology that uses experimental methods to study how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort.