For a Process to Be at Equilibrium,it Is Necessary That

question 23

Multiple Choice

For a process to be at equilibrium,it is necessary that

• A)ΔS_sys = ΔS_surr.
• B)ΔS_sys = -ΔS_surr.
• C)ΔS_sys = 0.
• D)ΔS_sys = 0 and ΔS_surr = 0.

---

Definitions:

Net Realizable Value

The estimated selling price of goods, less the costs of their sale or disposal.

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect because customers default on payments.

Operating Expense

Costs necessary for maintaining the day-to-day operations of a business, excluding costs associated with the production of goods or services.

Net Price Method

A pricing strategy that applies discounts and allowances to the gross price to determine the final sale price.