Revenue Is Said to Be Earned When the Business Has

question 102

Multiple Choice

Revenue is said to be earned when the business has:

• A)entered into an agreement with the customer about the goods or services to be delivered.
• B)passed a journal entry to record revenue.
• C)received cash from the customer before goods or services are delivered.
• D)delivered a good or service to the customer.

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Definitions:

Organizational Life

Refers to the collective social, cultural, and workplace dynamics within an organization.

Organization's Culture

The set of shared values, norms, beliefs, and practices that characterizes an organization, influencing how employees behave and interact.

Dominant Culture

The prevailing cultural norms, values, and practices that are accepted and followed by the majority within a society or organization.

Deculturation Process

The process of losing or diminishing one's native culture, usually as a result of contact with another culture or forced assimilation.