All of the Following Are True About the Evolutionary Value

question 45

Multiple Choice

All of the following are true about the evolutionary value of groups EXCEPT which statement?

• A)Being in a group is crucial to survival of humans as a species.
• B)People strongly identify with the family and cultural groups they were raised in.
• C)People accomplish goals when working in groups that they might not be able to accomplish alone.
• D)Through natural selection people have a learned desire to belong to a group.

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Definitions:

Allowance for Doubtful Accounts

A reserve for accounts receivable that a company does not expect to collect in full, acknowledging some customers may not pay their debts.

Allowance for Doubtful Accounts

A contra-asset account used to create an estimated reserve for debts that may not be collected.

Bad Debts Expense

An expense reported on the income statement, representing the estimated amount of credit sales that are not expected to be collected.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.