Match Each Item with a Statement Below

question 19

Multiple Choice

Match each item with a statement below:

-Arises from the number of constituent elements of a system or the number of interrelationships that might exist among them

• A)dynamic complexity
• B)systems thinking
• C)bounded instability
• D)double-loop learning
• E)team learning
• F)combinatorial complexity
• G)shared vision
• H)personal mastery
• I)mental models
• J)single-loop learning

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Definitions:

Allowance for Doubtful Accounts

A reserve against the portion of accounts receivable that may not be collectible, reducing the book value to the amount expected to be collected.

Gross Amount

The total or whole amount of something before any deductions, such as taxes or discounts, are made.

Allowance Method

An accounting technique that estimates and sets aside a portion of accounts receivable deemed not collectible.

Uncollectible Account

An uncollectible account is a receivable that a company is unable to collect, considered as bad debt or a write-off.