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Which of the following is a characteristic of a contract for purposes of revenue recognition?
Vocational School
An educational institution that provides specialized training and education targeted toward particular careers or trades.
Flexible Budget
A flexible budget adjusts expenses based on changes in actual revenue or other activity levels, allowing for more accurate financial planning.
Cost Drivers
Factors that cause a change in the cost of an activity, such as machine hours, labor hours, or material size.
Vocational School
An educational institution that provides training and skills for specific trades or careers, focusing on practical job-related skills.
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