Which of the Following Is an Example of Subjective Evidence

question 88

Multiple Choice

Which of the following is an example of subjective evidence?

• A)a positive confirmation of an account receivable
• B)a bank confirmation
• C)inquiries of the credit manager about the collectability of noncurrent accounts receivable
• D)the physical count of securities and cash

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Definitions:

Edgeworth Box Diagram

A graphical representation used in economics to show various distributions of resources and to demonstrate the efficiency of markets.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs, assuming all resources are fully and efficiently utilized.

Input Price Ratio

The ratio of the prices of the inputs used in the production of goods or services.

Absolute Advantage

A condition in which a country, individual, or company can produce a good or service at a lower cost per unit than competitors can.