Examlex
Match the following terms with the explanations below. If no term fits the explanation write none
_______ (1) A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
_______ (2) An account showing the amount of estimated uncollectible receivables.
_______ (3 ) The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
_______ (4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
_______ (5) Very short-term liquid investments which must mature within 90 days of acquisition.
_______ (6) Cash and assets convertible directly into known amounts of cash.
_______ (7) An account showing the difference between the cost of an investment in marketable securities and its market value.
_______ (8) The value of a note at its maturity date.
_______ (9) Highly liquid investments that can be sold in organized securities exchanges.
Ethical Decisions
Choices made based on moral principles and values, often reflecting considerations of what is right and fair.
Escalation of Commitment
A psychological pattern where individuals or groups continue to invest in a decision despite facing increasingly negative outcomes or feedback.
Perceptual Biases
Cognitive biases that influence how we perceive and interpret information about people, objects, or events, often leading to distorted judgments.
Implicit Favorite
An unconscious bias or preference for a particular option or choice, not openly expressed or acknowledged.
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