Indications That an Account May Be Uncollectible Include All of the Following

question 13

Multiple Choice

Indications that an account may be uncollectible include all of the following except

• A) the customer closes its business
• B) the customer is making small but regular payments
• C) the customer files for bankruptcy
• D) the customer cannot be located

---

Definitions:

Opportunity Cost

The cost of forgoing the next best choice when making a decision.

Muffin

A small, baked item often eaten for breakfast or a snack, typically sweet and sometimes filled with fruit, chocolate, or nuts.

Comparative Advantage

The competence of an individual or a group in executing a certain economic task with greater efficiency than an alternative one.

Cookies

Small files stored on a user's computer by a web browser, containing data about the user's online activities.