Which of the Following Statements Is True

question 35

Multiple Choice

Which of the following statements is true?

• A)The primary advantage of using the direct write-off method of recognizing uncollectible accounts expense is simplicity.
• B)Only banks are permitted to use the direct write-off method.
• C)The direct write-off method is used to assure the matching of expenses with revenue.
• D)Companies with large amounts of uncollectible accounts normally use the direct-write off method to account for uncollectible accounts expense.

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Definitions:

Genetic Predisposition

The inherited genetic pattern that increases the likelihood of developing a particular disease, condition, or trait.

Prejudice

Preconceived opinion or bias, often unfavorable, towards individuals or groups without sufficient knowledge, rational reason, or experience.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or social pressure, sometimes at the expense of personal opinion.

Discrimination

involves unfair or prejudicial treatment of individuals based on characteristics such as race, age, gender, etc.