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Which of the following statements is TRUE?
I. Statistical discrimination is based on ill will toward a group because of their race, sex, nationality, or religion.
II. Statistical discrimination is judging people by the averages of the groups to which they belong.
III. As better ways of judging people develop, the merit of using statistical discrimination rises.
Allowance for Doubtful Accounts
An estimate of the amount of accounts receivable that may not be collected, used to reduce the carrying amount of receivables on the balance sheet.
Net Realizable Value
The estimated selling price of goods, minus the costs of their sale or disposal.
Interest Revenue
Income received from investments, savings, or as a payment for lending money.
Promisor
A person or entity who makes a promise or commits to performing a specified action in a contract.
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