Ideologies Are Different Than the Ideas and Beliefs of Individuals

question 20

Multiple Choice

Ideologies are different than the ideas and beliefs of individuals because they

• A)are likely to change more rapidly than individuals ideas and beliefs.
• B)influence organization of social worlds.
• C)are never taken for granted by people.
• D)emphasize equality among all people.

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Definitions:

Direct Write-off Method

An accounting method where bad debts are charged against income at the time they are determined to be uncollectible, rather than being estimated and accounted for in advance.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that are expected not to be collected, representing a reserve for potential bad debts.

Notes Receivable

Legally enforceable claims for money owed to a business by its customers or clients, typically evidenced by a written promise to pay.

Formal Instruments of Credit

Legal documents that acknowledge debt and specify terms of repayment, such as notes payable or bonds.