The Problems of Physical Distance Can Be _____________ by Technology

question 114

Multiple Choice

The problems of physical distance can be _____________ by technology which can serve to ___________ trade.

• A)increased;discourage
• B)reduced;enhance
• C)increased;enhance
• D)reduced;discourage

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Definitions:

Write-off

The accounting action of declaring an asset's value as zero, often due to irrecoverable debts or asset devaluation.

Uncollectible Account

Refers to receivables that a company has deemed impossible to collect, recognizing it as a bad debt expense.

Repayment of Loan

The process of paying back borrowed money to the lender, typically involving periodic payments of principal and interest over a set term.

Accrual Basis

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.