It Is Difficult to Implement New Policies in Organizations Because

question 15

Multiple Choice

It is difficult to implement new policies in organizations because:

• A) Most policies concentrate on prevention, not cure.
• B) Staff and clients are resistant to innovations.
• C) Staff do not want to follow leadership.
• D) Researchers often disagree with each other.

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Definitions:

Internal Control Procedure

Processes undertaken by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Bank Reconciliation

The method of aligning and scrutinizing the numbers in financial records with the ones shown on a bank statement.

Aging of Accounts Receivable

A method used to categorize accounts receivable based on the length of time an invoice has been outstanding, helping to determine credit and collection policies.

Allowance for Doubtful Accounts

A contra asset account used to estimate the portion of a company's accounts receivable that may not be collected.