All of the Following Are Common Responses of Employees When

question 198

Multiple Choice

All of the following are common responses of employees when faced with change except:

• A)"That's the way we've always done things".
• B)"If it isn't broke,don't fix it".
• C)"I've got years of experience".
• D)"This should be easy to accept".

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Definitions:

Allowance Method

The allowance method is an accounting technique used to account for bad debts by estimating uncollectible accounts and reflecting them as an allowance for doubtful accounts on the balance sheet.

Direct Write-off Method

A method of accounting for bad debts where uncollectible accounts are directly written off against income at the time they are deemed non-collectable.

Uncollectible Account

A receivable that a company has not been able to collect from a debtor, leading to its recognition as a bad debt expense on the income statement.