When Looking at a Problem, You First Write Out a List

question 40

Multiple Choice

When looking at a problem, you first write out a list of pros and cons.Then you decide to look at the problem a bit differently.You get a large sheet of poster paper and draw a series of large circles and begin putting like issues into one circle.Soon you have many circles with issues inside and your solution becomes clear.Even though you started with left-brain thinking, by moving to ______ you were able to use your brain differently to come up with a solution.

• A)left-brain thinking
• B)self-leadership
• C)right-brain thinking
• D)self-rewarding

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Definitions:

Allowance Method

An accounting technique used to manage accounts receivable and bad debts by estimating uncollectible accounts.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and practices used in the United States to ensure the accuracy and consistency of financial reporting.

Bad Debt Expense

A charge to the income statement that represents the amount of non-collectable accounts receivable that occurs in a given period.

Open Invoice

An invoice that has been issued by a seller to a buyer, but has not yet been paid.