An Instructor Divides Her Class into Two Groups: Those Who

question 111

Multiple Choice

An instructor divides her class into two groups: those who prefer chocolate candy, and those who prefer fruit-flavored candy. By doing this, the instructor has created __________.

• A) dyads
• B) minimal groups
• C) preference-based circles
• D) prejudice

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Definitions:

Income Statement Approach

A method of estimating certain account balances within an income statement, focusing on revenues and expenses to indirectly calculate other figures.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total amount of accounts receivable to reflect those that are expected to go uncollected.

Uncollectible

Accounts receivable that cannot be recovered or are very unlikely to be paid by debtors.