An Individual or Organization That Owes an Amount to a Business

question 166

Multiple Choice

An individual or organization that owes an amount to a business is known to the business as a

• A) debtor
• B) shareholder
• C) controller
• D) creditor
• E) bookkeeper

Recognize the role of genetics, brain mechanisms, and physiological processes in influencing behavior.

Identify the significance of environmental and social influences on behavior.

Comprehend the basic methodologies and research interests of various psychological specializations.

Appreciate the historical development and foundational figures of psychology.

---

Definitions:

Cash Discount

A reduction in invoice amount offered by sellers to encourage early payment by buyers.

Incremental Investment

Additional funds invested in a project to generate more returns.

Receivables

Money owed to a company by its customers for goods or services that have been delivered or sold but not yet paid for.

Accounts Receivable Approach

A method used by businesses to estimate the amount of credit sales that are not likely to be collected.