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:

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Occipital Lobe

The rearmost lobe in each cerebral hemisphere of the brain, primarily responsible for processing visual information.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.

Basilar Membrane

A structure in the inner ear that plays a key role in the sense of hearing by vibrating in response to sound, which ultimately converts acoustic signals into electrical impulses for the brain to interpret.