Why Is It a Good Business Practice to Keep Accounts

question 44

Multiple Choice

Why is it a good business practice to keep accounts receivable as low as possible?

• A) Complies with government regulations
• B) Decreases expensive paperwork
• C) Can use the money to earn interest or pay debts
• D) Provides better service to patients

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Definitions:

Franklin Roosevelt

The 32nd President of the United States (1933-1945) who led the country through the Great Depression and World War II, known for his New Deal programs aimed at economic recovery and social reform.

League of Nations

An international organization established after World War I aimed at ensuring peace and cooperation among countries, the precursor to the United Nations.

Japanese Aggression

The expansionist policies and military actions of Japan, particularly in the first half of the 20th century.

Appeasement Compromise

A diplomatic strategy aimed at avoiding conflict by making concessions to the other side, often criticized for potentially encouraging further aggression.