The Term __________________ Refers to the Continuation of Behaviors Over

question 9

Multiple Choice

The term __________________ refers to the continuation of behaviors over time.​

• A)locus of control
• B)monitoring
• C)maintenance
• D)generalization

Calculate and interpret accounts receivable turnover and days' sales in receivables measures.

Identify and match specific accounting terms and definitions relevant to receivables management.

Understand and explain the effects of writing off accounts receivable on the accounting equation under the direct write-off method.

Distinguish between the various methods used for estimating uncollectible accounts.

---

Definitions:

Ending Inventory

The overall financial value of items on offer at the termination of an accounting cycle.

Perpetual Inventory

An inventory management system that continuously updates the quantity and value of inventory in real-time with every sale or purchase.

GAAP

Known as Generally Accepted Accounting Principles, these are the standard rules and guidelines followed in accounting for financial reporting.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines that govern how company's financial statements are prepared.