When You Save the Most Important Material for Last, You

question 22

Multiple Choice

When you save the most important material for last, you are using the principle of

• A) primacy.
• B) specificity.
• C) recency.
• D) complexity.

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Definitions:

Accounts Receivable

Debts owed by customers to a business for goods or services already provided but unpaid.

Accounts Payable

Liabilities of a company or individual that are due to creditors within a short period of time, typically for purchases of goods or services.

Cash

Represents money in coins, currency, or bank balances that is readily available for use.

Supplies Expense

The cost associated with consumable items used during the business operations and not directly tied to the production of goods or services.