A Judge Consults Guidelines Before Handing Down an Award for Damages

question 127

Multiple Choice

A judge consults guidelines before handing down an award for damages in a legal case.What kind of decision making is she doing?

• A)following a policy
• B)following a rule
• C)programmed
• D)following a procedure

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Definitions:

Actual Bad Debts

Debts that have been specifically identified as uncollectible, following efforts to collect and evidence that repayment is unlikely.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.

Sales

The total revenue earned from the sale of goods or services by a company during a specified period.

Net Price Method

An accounting method that records purchases at the net cost, after deducting any purchase discounts, rather than recording them at the gross cost.