One Upside to Terminating a Project That Is Not Going

question 101

Multiple Choice

One upside to terminating a project that is not going as well as planned is that:

• A) poorly performing project team members will be kept from causing trouble elsewhere.
• B) no additional costs will be incurred.
• C) poor project managers will be weeded out.
• D) resources can perhaps be put to better use elsewherE.
• E) project completion will be hastened.

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Definitions:

Net Accounts Receivable

The amount of money owed to a company by its customers for goods or services provided, after accounting for any allowances for doubtful accounts.

Allowance Method

An accounting technique used to estimate bad debts and adjust accounts receivable to reflect only receivables expected to be collected.

Uncollectible Account

A receivable that a company has deemed unlikely ever to be collected and is therefore written off as a bad debt expense.

Trade Accounts Receivable

Amounts owed by customers to a business, specifically from sales transactions.