A Debit or Credit Memo Describing Entries in the Company's

question 107

Multiple Choice

A debit or credit memo describing entries in the company's bank account may be enclosed with the bank statement. An example of a credit memo is

• A) deposited checks returned for insufficient funds
• B) collection of a promissory note
• C) a service charge
• D) notification that a customer's check for $375 was recorded by the company as $735 on the deposit ticket

---

Definitions:

Statistical Discrimination

The use of statistical or probabilistic data about demographic groups by employers, lenders, etc., to make assumptions about individuals, potentially leading to discriminatory practices.

Insurance Rates

The cost or premium for insurance coverage, determined by risk assessment and statistical analysis.

Male Drivers

Refers to individuals who are identified as male and operate vehicles, often subject to statistical analysis in studies of driving behavior.

Statistical Discrimination

Statistical Discrimination is the practice of making judgments about the likely behaviors of individuals based on statistical averages of the group they belong to, rather than on their own personal characteristics.