Match the Term and Its Definition

question 51

Multiple Choice

Match the term and its definition.There are more definitions than terms.
-Days to Collect

• A)The portion of Accounts Receivable that the company expects to collect.
• B)The time at which a loan must be repaid.
• C)An agreement by a borrower to repay the lending company with interest during a specified time period.
• D)The days of the year divided by the net sales revenue.
• E)A financial statement that shows the calculation of Bad Debt Expense for a company.
• F)Total money owed the company for sales made on credit.
• G)An account that is debited for the amount of credit sales estimated as uncollectible.
• H)A contra-asset account.
• I)The time at which a borrower must make annual interest payments.
• J)Net credit sales revenue divided by the average net receivables.
• K)Net credit sales revenue divided by the net income.
• L)The days of the year divided by the receivables turnover ratio.

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Definitions:

Stimulus Motives

Internal states that prompt inquisitive, exploratory, and seeking behaviors in the absence of physical need or emotional distress.

Maslow

Refers to Abraham Maslow, an American psychologist renowned for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Higher Motives

Aspirations or desires that transcend basic physiological or safety needs, focusing instead on personal growth, fulfillment, and the well-being of others.

Drive Reduction Theory

A psychological concept that suggests motivation arises from the desire to reduce an uncomfortable internal state caused by unmet needs.