Which of the Following Statements Is True of a Corporate

question 12

Multiple Choice

Which of the following statements is true of a corporate strategy?

• A)It refers to a management strategy that focuses solely on the professional behavior and attitudes of a company's employees.
• B)It entails competing in a core industry or business and also operating in adjacent businesses or markets.
• C)It entails competing exclusively with large and well-established firms to increase competitive advantage.
• D)It refers to the overall strategy that helps a company recruit the right type of employees for the right type of job.

---

Definitions:

Uncollectible Accounts

Accounts receivable that are recognized as not being collectible, leading to a write-off as a bad debt expense.

Bad Debts Expense

Bad debts expense is an estimate of the accounts receivable that a company does not expect to collect, treated as an expense on the income statement.

Payment on Account

A payment made towards an outstanding account balance, before the final settlement of the account.

Notes Receivable

Written promises for amounts to be received by a business, typically with interest, from other parties or customers.