Maryann Has Been Returning from Her Lunch Break 30 Minutes

question 4

Multiple Choice

Maryann has been returning from her lunch break 30 minutes late for the past two weeks.When you confront her about it, she points out that everyone, including you, takes long lunches and makes up the half hour later in the day.The discipline of Maryann appears to violate the __________ rule for effective discipline.

• A)clearly communicate the standards and code of conduct to all employees
• B)be sure that the punishment fits the crime
• C)follow the standing plans yourself
• D)take consistent, impartial action when the rules are broken
• E)discipline in private

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Definitions:

Contingent Liability

A potential obligation that depends on a future event arising from past transactions or events.

Allowance For Doubtful Accounts

A contra-asset account that represents the estimated amount of receivables which are not expected to be collected.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects revenue from its credit sales by dividing net credit sales by the average accounts receivable.

Net Credit Sales

Sales made on credit minus any returns or allowances.