When You Contact a Retired Neighbor to Ask If She

question 67

Multiple Choice

When you contact a retired neighbor to ask if she is interested in participating in a charity fundraiser,she tells you that she is no longer interested in activities such as this,and she is content to do as little as possible since she retired.Your neighbor's perspective is most consistent with which of the following views on aging?

• A)Adaptation
• B)Discontinuity theory
• C)Disengagement
• D)Social reticence

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services provided on credit.

Allowance

An accounting practice that reduces the value of assets or income for the purpose of conservative financial reporting and tax savings.

Percentage of Receivables Method

The percentage of receivables method is an accounting technique used to estimate the amount of a company's accounts receivable that will not be collected, based on past experience.

Allowance for Doubtful Accounts

An accounting concept representing the estimated uncollectible amounts from customers' outstanding accounts.