Match Each Description to the Appropriate Term (A-H)

question 175

Multiple Choice

Match each description to the appropriate term (a-h) .
-A formal, written instrument of credit that represents amounts due from customers

• A)Face amount
• B)Term
• C)Interest
• D)Maturity value
• E)Dishonored note
• F)Maker
• G)Notes receivable
• H)Interest rate

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Definitions:

Sales

The exchange of a commodity for money; the action of selling something.

Control Process

A systematic approach to managing and regulating the activities and operations within an organization to ensure they meet set objectives.

External Control

The perception that one's behavior and outcomes are influenced or determined by forces outside one's personal control.

Control Systems

Mechanisms and processes put in place to monitor, manage, and regulate the behavior and performance of an organization or system.