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The Activity for Creating,communicating,delivering,and Exchanging Offerings That Benefit the Organization,its

question 135

Multiple Choice

The activity for creating,communicating,delivering,and exchanging offerings that benefit the organization,its stakeholders,and society at large is referred to as _______.


Definitions:

Allowance Method

An accounting technique used to account for bad debts, where an estimated amount is deducted from accounts receivable to reflect possible non-collection.

Bad Debts

are amounts owed to a company that are considered uncollectible, leading to a financial loss.

Percentage of Sales

A financial analysis tool used to forecast future expenses, based on a fixed percentage of the total sales.

Allowance for Doubtful Accounts

A contra asset account on a company's balance sheet that estimates the amount of receivables that may not be collected.

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