Which of the Following Does Not Determine the Position and Shape

question 233

Multiple Choice

Which of the following does not determine the position and shape of a society's PPF?

• A)physical resources 
• B)price level 
• C)skills and technology 
• D)past construction of factories and research

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Definitions:

Estimated Uncollectible

The anticipated portion of receivables that a company expects not to collect.

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.