A Key Innovation of the Carter Administration (1976-1980) Was

question 8

Multiple Choice

A key innovation of the Carter administration (1976-1980) was

• A) dramatic expansion of Social Security and Medicare programs.
• B) large tax cuts, especially for the wealthy.
• C) deregulation of airlines, trucking, railroads and the financial services industry.
• D) government control of gasoline and food prices.

---

Definitions:

Accounts Receivable

Funds that customers owe a company for goods or services already provided but not yet compensated for.

Allowance Method

An accounting technique used to estimate and account for a firm's potentially uncollectible accounts receivable.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible.

Uncollectible Receivables

Accounts receivable that a company does not expect to collect and writes off as a bad debt expense.