Effective Communication Occurs When

question 160

Multiple Choice

Effective communication occurs when:

• A)information is sent through informal rather than formal channels.
• B)information is transmitted between two or more people.
• C)the sender convinces the receiver to accept the information sent.
• D)information is transmitted and understood between two or more people.
• E)the sender transmits information that is received by someone other than the intended receiver.

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Definitions:

Bad Debts Expense

The cost associated with accounts receivable that a company cannot collect and thus writes off as a loss.

Allowance for Doubtful Accounts

A valuation account used to estimate the portion of a company's accounts receivable that may not be collectible.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus any costs related to the sale or completion of goods.

Specific Write-off

The action of recognizing that a specific asset, often an account receivable, has become uncollectible and removing its value from the books.