Compared to the Numbers of Grasshoppers or Deer,there Are Few

question 26

Multiple Choice

Compared to the numbers of grasshoppers or deer,there are few mountain lions.The reason that large and fierce animals,such as the mountain lion,are rare in an ecosystem is that

• A) such animals do not tolerate other members like them.
• B) through evolution, most fierce animals have been killed off by others.
• C) food chains are only 10-20% efficient at each step and top carnivores are physically limited in how far they can roam for food.
• D) only a few such animals are permitted by succession in a biome and there are only a few biomes.
• E) more large predators bring more disease to an ecosystem.

Understand how to recognize revenue from software sales, including cases with and without significant production, modification, or customization.

Know the differences in revenue recognition methods (percentage of completion, cost recovery, and completed contract) and their application under GAAP and IFRS.

Calculate revenue recognition for contracts permitting multiple service uses based on usage and associated costs.

Distinguish between installment sales contracts and the installment method of revenue recognition.

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Definitions:

Job Security

A condition in which an individual has a high likelihood of remaining employed without the risk of becoming unemployed.

Recognition

The act of acknowledging or identifying something as valid or as having a particular status.

Advancement

The process of moving forward in one's career, which may involve a higher position, increased responsibilities, or better salary.

Job Satisfaction

The level of contentment or happiness an individual feels regarding their job, influenced by factors like work environment, responsibilities, and compensation.