Fernando Doesn't Cut in Line,raises His Hand in Class Before

question 4

Multiple Choice

Fernando doesn't cut in line,raises his hand in class before talking,and stops his car at stop signs on the road.He focuses on conventional rules that have been established by social consensus in order to control behavior and maintain the social system.Which of the following BEST describes Fernando's reasoning?

• A)Prosocial reasoning
• B)Social order reasoning
• C)Social consensus reasoning
• D)Social conventional reasoning

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Definitions:

Allowance for Doubtful Accounts

Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.

Contra-Revenue

An account on a company's income statement that deducts from gross revenue to arrive at net revenue, including returns, allowances, and discounts.

Bad Debts Expense

This represents the cost associated with accounts receivable that a company deems uncollectible and writes off as a loss.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material and labor costs.