Match the Terms with the Definitions

question 15

Multiple Choice

Match the terms with the definitions.
-A method in which the bad debt expense is not recognized until it has been determined that an account is uncollectible.

• A)aging the receivables
• B)allowance method
• C)bad debt expense
• D)direct write-off method
• E)matching principle
• F)net receivables
• G)percentage of receivables method
• H)percentage of sales method

---

Definitions:

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced with given resources and technology.

Negative Slope

A feature of a line on a graph that indicates a decrease in the dependent variable as the independent variable increases.

Production Possibilities

The different quantities of goods and services that an economy can produce given its available resources and technology, as represented by a production possibility curve.

Better Technology

Improvements or advancements in technology that increase efficiency or productivity.