Match the Term and the Explanation

question 90

Essay

Match the term and the explanation.Not all explanations will be used.
_____ Trade receivables
_____ Percent of credit sales method
_____ Allowance for doubtful accounts
_____ Principal
_____ Non-trade receivables
_____ Aging of accounts receivable
_____ Income smoothing
_____ Factoring
A.How much money you can expect to earn over a period of time selling your goods.
B.What is achieved when a company deliberately reports high bad debts in good years and low bad debts in bad years.
C.A method of estimating uncollectible debts by forecasting the probability of not collecting late accounts.
D.Selling accounts receivable to another company for immediate cash.

Understand and identify perceptual biases in organizational behavior.

Understand the relationship between personal dispositions, job characteristics, and job satisfaction.

Explain the mechanisms and effects of group decision-making processes, including groupthink.

Understand the various models and structures of human resources departments.

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Definitions:

Perfectly Inelastic

A market condition where demand or supply does not change in response to price changes, represented by a vertical line on a graph.

Tax

A financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

Tax Revenue

Money collected by governments through the imposition of taxes.

Widgets

A generic term often used to refer to any product, especially a hypothetical one used for economic or teaching purposes.