To Reduce the Uncertainty and Risk Involved in Buying Raw

question 67

Multiple Choice

To reduce the uncertainty and risk involved in buying raw materials from multiple vendors,Miguel always buys the raw materials for his firm from a preferred vendor.From the perspective of an out-supplier,Miguel's account would be treated as:

• A) a bad debt account.
• B) a contra account.
• C) an uncollectible account.
• D) an "always a share" account.
• E) a "lost for good" account.

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Definitions:

Synovial Membrane

A layer of connective tissue that lines the inner surface of capsules in synovial joints, producing synovial fluid for lubrication.

Serous Membrane

A thin, smooth membrane consisting of two layers that line and enclose several body cavities, where fluid is secreted between layers to reduce friction.

Mucous Membrane

Thin sheet consisting of epithelium and connective tissue (lamina propria) that lines cavities that open to the outside of the body; many contain mucous glands that secrete mucus.

Cutaneous Membrane

Another term for the skin, the body's largest organ, which serves as a protective barrier against environmental hazards and pathogens.