An Agreed-Upon Common Language to Facilitate Communication on Specific Topics

question 84

Multiple Choice

An agreed-upon common language to facilitate communication on specific topics such as business is called a(n)

• A) dialect.
• B) official language.
• C) language group.
• D) language family.
• E) lingua franca.

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Definitions:

Discount On Notes Receivable

An amount deducted from the face value of a note to reflect the interest revenue over the term of the note.

Notes Receivable

Short-term or long-term financial assets representing amounts owed to the company that are documented through formal agreements or promissory notes.

Interest Revenue

This refers to the income that is earned from investments, loans, or savings accounts, essentially any source that pays interest.

Noninterest-Bearing Note

A promissory note that does not accrue interest over its lifetime, meaning the borrower repays only the principal amount.