Scripts Are Best Defined as ______

question 34

Multiple Choice

Scripts are best defined as ______.

• A) expected sequences of actions that organize our perceptions of people and social situations
• B) binary dimensions we use to make sense of people or social situations
• C) generalizations we make about an entire group of people or situations
• D) our best example of a particular category of people or situations

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Definitions:

Accounts Payable

An accounting entry representing an entity's obligation to pay off a short-term debt to its creditors or suppliers.

Notes Payable

A liability on a balance sheet representing promissory notes that a company must pay in the future.

Bad Debts Expense

The operating expense account that estimates the amount of credit sales that will probably not be collectible in a given accounting period when the Allowance method is used. For the direct write-off method, this account would be the actual amount written off.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collected.