Determining If Sufficient Information Is Available to Establish Eligibility Is

question 4

Multiple Choice

Determining if sufficient information is available to establish eligibility is part of assessing information. A second part is deciding if:

• A) client strengths are sufficient
• B) additional information is necessary
• C) the client is motivated
• D) the client has any resources.

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Definitions:

Sales Discounts

Reductions in the price of goods or services offered by a seller to a buyer to encourage prompt payment.

Sales Returns

Refers to goods that are returned by the customer to the seller after the sale, often due to defects or dissatisfaction.

Operating Expenses

The costs associated with running a business's day-to-day operations, excluding the cost of goods sold.

Periodic Inventory System

An accounting method that records inventory purchase or sale transactions at the end of an accounting period.