Top Managers Are Primarily Concerned with

question 39

Multiple Choice

Top managers are primarily concerned with

• A)supervising nonmanagerial employees.
• B)training, motivating, and rewarding salespeople.
• C)developing and fine-tuning employee skills.
• D)supervising first-line managers.
• E)deciding which goods a company should produce.

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Definitions:

Factor

A financial intermediary that purchases receivables from businesses, providing them with immediate cash flow.

Sale of Receivables

The process of selling outstanding invoices to a third party in order to receive immediate payment.

Allowance for Doubtful Accounts

An accounting estimate for the portion of accounts receivable that may not be collectible.

Bad Debt Expense

An expense account reflecting estimated uncollectible accounts receivable due to credit sales that are unlikely to be recovered.