A Records and Information Manager's Duties and Responsibilities Include

question 8

Multiple Choice

A records and information manager's duties and responsibilities include

• A)transparency.
• B)collecting and preserving archival records.
• C)budget preparation.
• D)Both b and c

---

Definitions:

Bad Debts Expense

The portion of receivables that a company anticipates will not be collected and is thus written off as an expense in the financial statements.

Operating Expense

Incurred expenses that are related to a company's main operational activities, excluding cost of goods sold and capital expenditures.

Statement of Income

A financial statement that reports a company's financial performance over a specific period, showing income, expenses, and net profit or loss.

Allowance for Doubtful Accounts

An estimation of the accounts receivable that may not be collected due to customer defaults.