On November 2, 2016, Quaint General Store Concluded That a Customer's

question 61

Multiple Choice

On November 2, 2016, Quaint General Store concluded that a customer's $400 account receivable was uncollectible and that the account should be written off.What effect will this write-off have on Quaint's 2016 net income and balance sheet totals assuming the allowance method is used to account for bad debts?

• A) Decrease in net income; decrease in total assets
• B) Increase in net income; no effect on total assets
• C) No effect on net income; decrease in total assets
• D) No effect on net income; no effect on total assets

Recognize cultural orientations (collectivism, individualism, masculinity, femininity) and their impact on business and management practices.

Appreciate the importance of managing diversity within organizations to remain competitive.

Understand the implications of high and low uncertainty avoidance cultures on business practices.

Understand the concept and importance of organizational culture.

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Definitions:

Mere Compliance

Following orders, rules, or requests with minimal effort or enthusiasm, often without internal agreement or dedication.

Motivated

Having the desire or willingness to do something, especially in the context of achieving goals or fulfilling tasks.

Conform

To align one's behavior or beliefs to match those of a group, society, or set of standards.

Social Information Processing Theory

Information from others is used to interpret events and develop expectations about appropriate and acceptable attitudes and behaviours.