Examlex

Solved

According to Ryan and Deci's Theory, the Basic Need of Competence

question 46

Multiple Choice

According to Ryan and Deci's theory, the basic need of competence centers around effectiveness. Which of the following slogans aptly describes their concept?


Definitions:

Allowance for Doubtful Accounts

A contra-asset account on a company’s balance sheet that represents the estimated portion of accounts receivable that may not be collectible.

Percentage of Receivables Method

An accounting method used to estimate the amount of a company's accounts receivable that will not be collected.

Bad Debt Write-offs

The process of removing uncollectable accounts receivable from the accounting records, recognizing them as a loss.

Allowance Method

An accounting technique that estimates and records bad debts expense from credit sales.

Related Questions