The Fact That I Use E-Mail Virtually Every Day and My

question 14

Multiple Choice

The fact that I use e-mail virtually every day and my mother has never sent or received an e-mail is an example of a difference in:

• A)normative history-graded influences.
• B)nonnormative life events.
• C)normative age-graded influences.
• D)generational gaps in knowledge.

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Definitions:

Note Payable

A promissory note from the maker’s point of view.

Interest Accrued

The accumulation of interest on a loan or bond that has been earned but not yet paid.

Periodic Inventory Method

An inventory accounting method where physical counts are used to determine the cost of goods sold and ending inventory at specific intervals.

Petty Cash

A small amount of cash on hand used for covering minor expenses in an organization.