Which Common Method for Classifying Accounts Is Popular Because of Its

question 55

Multiple Choice

Which common method for classifying accounts is popular because of its simplicity?

• A) Single-factor analysis
• B) Portfolio analysis
• C) Sales volume analysis
• D) Most Likely Sales (MLS) analysis
• E) Least Likely Sales (LLS) analysis

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Definitions:

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.

Obligation Imposed

A duty or responsibility enforced by law, regulation, or agreement.

Contract Formation

The process whereby parties agree upon and establish the terms of a contract, leading to a binding legal agreement.

Relaxation of Requirements

The easing or reduction of stringent rules, standards, or conditions, often to accommodate special circumstances.