Discuss Some Things Firms Can Do to Diminish the Risk

question 49

Essay

Discuss some things firms can do to diminish the risk of doing business internationally.

---

Definitions:

Uncollectible Receivables

Financial debts owed to a company that are deemed uncollectible and written off as a loss.

General Journal

The two-column form used for entries that do not “fit” in any of the special journals.

Notes Receivable

Formal promises in writing that obligate the signer to pay the holder a specified sum of money either on demand or at a future date.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.