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Match each definition with the term it best describes

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Question $2$

$1$

An examination of someone's credit history, typically done by making an inquiry to a credit reporting agency such as Experian, Equifax, or Transunion

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Question $2$

$2$

Recognition of bad debt expense when specific customer accounts receivable are identified as uncollectible

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Question $2$

$3$

The most accurate method for estimating uncollectible accounts receivable

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Question $2$

$4$

A payment mechanism that facilitates commerce between buyers and sellers in lieu of accepting cash or offering credit terms to customers

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Question $2$

$5$

The maximum dollar amount a company will allow customers to buy on credit

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Question $2$

$6$

Events in which customers transfer ownership of merchandise back to a seller in exchange for a refund, a reduction in accounts receivable, or credit toward alternative merchandise$$

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Question $2$

$7$

Reductions in the amount a seller charges for goods or services because of customer dissatisfaction

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Question $2$

$8$

A promise or guarantee made by the seller that a product will meet certain quality or performance standards for a defined time period, otherwise the seller will repair or replace the product

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Question $2$

$9$

An agreement that either provides a service beyond fixing defects at the time of sale or can be purchased separately by the customer

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Question $2$

$10$

A request made by a customer for repair or replacement of products that results in costs to the seller

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Question $2$

$11$

Communicates the fact that when they made a sale, the seller fulfilled its obligation to deliver a product, but has not yet satisfied their commitment to repair or replace any defects that may arise in the future

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Question $2$

$12$

Incentives provided by enterprises to encourage customers to choose their products over those of their competitors and keep customers coming back for more

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