A Functional Manager

question 141

Multiple Choice

A functional manager:

• A) coordinates employees and other resources across several functional departments to accomplish a specific task.
• B) supervises the activities of several departments that perform different activities.
• C) supervises activities in areas such as marketing, operations/production, finance/accounting, and human resources/personnel management.
• D) supervises nonmanagement operative employees only.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to create an estimated reserve for debts that may not be collected.

Bad Debts Expense

An expense reported on the income statement, representing the estimated amount of credit sales that are not expected to be collected.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.

Bad Debts Expense

A non-cash expense that represents accounts receivable that a company no longer expects to collect, indicating customers are unlikely to pay their outstanding debts.