Match the Term with Its Definition

question 45

Multiple Choice

Match the term with its definition. Some terms may not be used.
-Posting short messages or photos on a blog or social networking site

• A)Advertising
• B)Blog
• C)Institutional advertising
• D)Microblogging
• E)Personal selling
• F)Product advertising
• G)Promotion
• H)Prospecting
• I)Publicity
• J)Sales promotion

Understand the receivables management, including the sale of receivables and estimating bad debts.

Comprehend the implications of converting receivables to cash and recognizing related expenses or income.

Apply aging of accounts receivable method to estimate bad debts expense and adjust the Allowance for Doubtful Accounts.

Understand the use and effect of promissory notes in transactions involving receivables.

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Definitions:

Public Transportation

A system of vehicles such as buses and trains provided by the government or private entities to enable communal travel within a specific area.

Organization

is a structured group of people with a particular purpose, such as a business, government department, or charity.

Music Festivals

Public events featuring live music performances by various artists, often focusing on a specific genre and offering other attractions like food and merchandise.

Ultimate Consumer

The end-user of a product or service who does not plan to sell the item further and purchases for personal use.