Managing in the Dynamic, Chaotic World of Global Competition, Organizations

question 136

Multiple Choice

Managing in the dynamic, chaotic world of global competition, organizations must create new products and services _________.

• A) and adopt teams as the best way to improve the organization
• B) that offer the customer what they want
• C) and adopt state- of- the- art technology if they are to compete successfully
• D) at competitive prices and in the correct location

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Definitions:

Reinstated

Restoring something to its previous state or position, often used in the context of employment, insurance, or legal status.

Direct Write-off

A method for recognizing bad debts, where uncollectible accounts receivable are directly written off against income at the time they are deemed noncollectible.

Allowance for Doubtful Accounts

A financial accounting provision estimating the portion of accounts receivable that may not be collectible.

Uncollectible

Refers to accounts receivable that are unlikely to be recovered and are therefore considered as bad debt.