An Aging of Accounts Receivable Schedule Is Based on the Premise

question 209

True/False

An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid the greater the probability that it will eventually be collected.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period without exposure to the conditioned stimulus.

Extinction

In psychology, the process by which a previously reinforced response diminishes and eventually disappears when reinforcement is no longer provided.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

External Inhibition

The decrease in the strength or occurrence of a behavior due to an external stimulus or change in environmental conditions.