A Performance Obligation Is a Contractual Promise with a Customer

question 6

True/False

A performance obligation is a contractual promise with a customer to transfer a distinct good or service.

---

Definitions:

Exposed

Made visible or uncovered, potentially leading to harm, risk, or understanding.

Fear

An emotional response to a perceived threat, characterized by anxiety and a survival mechanism that signals danger and prepares an individual to react.

Flooding Session

A therapeutic technique used to treat phobias and anxiety disorders by exposing the patient to their fear object or context without any danger, in order to overcome the anxiety.

Aversion Therapy

A psychological treatment method where undesirable behaviors are paired with unpleasant stimuli to reduce their occurrence.