Something That Induces a Person to Act Is Called

question 9

Multiple Choice

Something that induces a person to act is called

• A)a trade-off.
• B)a policy.
• C)an incentive.
• D)an opportunity cost.

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Definitions:

Other Receivable

Accounts receivable that do not fit standard trade transactions, sometimes including loans to employees or advances to suppliers.

Notes Receivable

Claims against others for money, goods, or services evidenced by notes, promises to pay, or receipts.

Bad Debt Expense

An expense recognized by businesses for accounts receivable that are not expected to be collected.

Credit Basis

The terms and conditions under which credit is extended by a lender to a borrower, including repayment schedules and interest rates.