Learning Organizations Are Good at

question 19

Multiple Choice

Learning organizations are good at

• A)problem creation.
• B)coming to consensus based on gut feelings.
• C)containing knowledge.
• D)discouraging new approaches.
• E)shamelessly stealing ideas from other organizations.

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Definitions:

Accounts Receivable

Reflects the funds that a business is entitled to receive from purchasers for transactions on credit.

Bad Debt Expense

An expense account reflecting the cost of accounts receivable that a company does not expect to collect due to customers' inability to pay.

Uncollectible

Refers to accounts receivable that a business deems unlikely to be collected and writes off as a loss.

Direct Write-off

A method for accounting for bad debts whereby debts deemed uncollectable are written off directly against income at the time they are determined to be uncollectable.