Which of the Following Statements Describes an Advantage of Oral

question 76

Multiple Choice

Which of the following statements describes an advantage of oral communication?

• A) Clarity
• B) Accuracy
• C) Avoids problems associated with noise
• D) Ample time available to introduce new information
• E) Promotes prompt feedback and interchange

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Definitions:

Percentage of Receivables Basis

A method for estimating uncollectible accounts by applying a fixed percentage to the total receivables balance.

Cash Realizable Value

The amount of money that can be received from an asset when it is liquidated or sold.

Bad Debt Expense

A recognized expense that represents accounts receivable that are not expected to be collected.

Allowance for Doubtful Accounts

An estimation of the accounts receivable that may not be collected, serving as a contra account to accounts receivable.