Large Scale Disasters Such as Hurricane Katrina in 2005 and the Japanese

question 23

Multiple Choice

Large scale disasters such as Hurricane Katrina in 2005 and the Japanese earthquake and tsunami in 2011 can cause ________ in telephone and Internet services.

• A) Random demand fluctuations
• B) Relative demand shifts
• C) Predictable demand cycles
• D) Vertical demand configurations
• E) Organized demand patterns

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Definitions:

Expense Account

An account that tracks the costs incurred by a business as part of its operating activities.

Enter Bills

Entering bills refers to the process of recording invoices received from vendors or suppliers into an accounting system.

Accounts Payable Aging

Accounts payable aging is a report that categorizes a company's payables to suppliers based on the time frame since the invoices were issued.

Customer Aging

Customer aging, similar to accounts payable aging, categorizes outstanding accounts receivable based on the duration the invoices have been outstanding.