The Word "Fruit" Is Used to Represent Such Foods as Apples

question 159

Multiple Choice

The word "fruit" is used to represent such foods as apples, pears, and oranges and would be considered a(n)

• A) algorithm.
• B) heuristic.
• C) prototype.
• D) concept.

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.

Open Account

A credit arrangement where goods or services are provided to a customer with the understanding that the customer will pay the supplier at a later date.

Note Written

A formally documented obligation in which one party promises to pay another party a predetermined sum of money at a specified date.

Interest-Bearing Note

A debt instrument that pays interest at a predetermined rate to the holder, typically issued in exchange for a loan or credit extended to the borrower.