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The workers of Tight Footing, a tile manufacturing plant, wanted a raise. However, the management did not want to give the workers a raise. The workers started taking longer breaks and did little to no work for the next two weeks. In the context of scientific management, this behavior of the workers is known as _____.
Account Receivable
Funds that customers owe a company for products or services received but not yet compensated for.
Written Off
Written off involves removing an asset or debt from a company’s financial statements, acknowledging that the asset has lost all value or the debt cannot be collected.
Reinstated
The act of restoring something to its previous condition or position, such as reinstating an employee after suspension or a policy after being temporarily revoked.
Allowance Account
An account used in accounting to record reductions in the value of receivables, such as allowances for doubtful accounts.
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