As a Lexical Definition, the Definition "'Expensive' Means Costing a Lot

question 128

Multiple Choice

As a lexical definition, the definition "'Expensive' means costing a lot" may be criticized as:

• A) Being vague.
• B) Being affective.
• C) Being ambiguous.
• D) Failing to indicate the context to which the definiens pertains.
• E) Being circular.

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Definitions:

Account Receivable

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

Total Current Assets

The sum of all assets expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collectible.

Written off Accounts

Accounts deemed uncollectible and therefore removed from the accounts receivable balance in the financial statements.