When a Company Sells a $100 Service with a 20

question 13

True/False

When a company sells a $100 service with a 20% trade discount,$80 of revenue is recognized.

---

Definitions:

Non-disclosure Clauses

Legal provisions in a contract that prohibit the sharing of confidential information with unauthorized parties.

Fiduciary Duty

An obligation to act in the best interest of another party, such as the duty of a trustee towards their beneficiaries.

Breach Of Confidence

An unlawful disclosure of confidential information without the permission of the party that owns the information.

Anton Piller Order

A court order that permits the plaintiff to search premises and seize evidence without prior warning, to prevent the destruction of pertinent documents or materials.