Thomas Hobbes Called Life Without Rules and a Means of Enforcing

question 18

Multiple Choice

Thomas Hobbes called life without rules and a means of enforcing them

• A) utopia.
• B) anarchy.
• C) democracy.
• D) communism.
• E) the state of nature.

---

Definitions:

Direct Write-off Method

A method of accounting for bad debts in which companies write off receivables when they determine they are uncollectible.

Days' Sales in Receivables

A financial metric that measures the average number of days it takes for a company to collect payments from its credit sales.

Aging the Receivables

The process of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Due Date

The specified date by which a payment, assignment, or task is required to be completed or submitted.