What Global Event Contributed to the End of ISI

question 35

Multiple Choice

What global event contributed to the end of ISI?

• A) the Great Depression
• B) WW II
• C) the oil shocks of the 1970s
• D) the Lost Decade
• E) the Cold War

---

Definitions:

Accounts Receivable

Amounts due from customers to a business for goods delivered or services completed but not yet compensated.

Allowance Account

A contra-asset account used to estimate and offset the value of accounts receivable that may not be collectible.

Allowance for Doubtful Accounts

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

Percentage of Receivables

A method for estimating the allowance for doubtful accounts based on the expected percentage of accounts receivable that may not be collectible.