Janie Is Taking an Exam in Her History Class

question 158

Multiple Choice

Janie is taking an exam in her history class.On the exam,there is a question that asks her to state and discuss the five major causes of the War of 1812.Janie remembers four of them.She knows there is a fifth,but time is up.As Janie is walking down the stairs,all of a sudden,she remembers the fifth point,but it is too late.Janie had a problem with

• A)encoding.
• B)storage.
• C)retrieval.
• D)evaluation.

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Definitions:

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.

Net Sales

The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects its receivables or the speed of debt collection from customers.

Average Account Receivables

The average amount of money owed to a company by its customers for goods or services delivered on credit.