Which of the Following Is the BEST Example of Management

question 146

Multiple Choice

Which of the following is the BEST example of management thinking during the "production era"?

• A) "We need to make whatever products are easy to produce."
• B) "We need to find out what the customer wants."
• C) "The more salespeople we have, the more we can sell."
• D) "We need to work hard to sell the product to our customers."
• E) "If we produce a good product, customers will find us and buy it."

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Definitions:

Uncollectible

Refers to accounts receivable that are unlikely to be recovered and are therefore considered as bad debt.

Allowance Method

An accounting technique used to account for potential uncollectible receivables by estimating and recording bad debts expense ahead of specific account identifications.

Uncollectible Receivables

Receivables from sales or loans that are not expected to be collected, often written off as bad debts.

Estimate

An approximation or educated guess used to project future financial outcomes or the potential costs of projects.