Strategic Goals Should Be

question 53

Multiple Choice

Strategic goals should be

• A)simple.
• B)consistent.
• C)long term.
• D)all of the above.

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Definitions:

Allowance Method

An accounting technique used to anticipate and adjust for potential uncollectible accounts receivable.

Uncollectible

Accounts receivable that are considered unlikely to be recovered and may be written off as a bad debt expense.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect due to customer default.