Which of the Following Are Types of Decision-Making Innovations That

question 107

Multiple Choice

Which of the following are types of decision-making innovations that have been introduced in the factories of the rich industrialized countries since the early 1970s?

• A)reforms that have instituted Fordism
• B)reforms that allow workers to help formulate overall business strategy
• C)scientific management
• D)all of these choices
• E)none of these choices

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Definitions:

Allowance for Doubtful Accounts

A contra asset account representing the amount of accounts receivable a company does not expect to collect.

Equity

Equity represents the value that would be returned to a company’s shareholders if all the assets were liquidated and all the debts repaid.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business's operating cycle, whichever is longer.

Uncollectible Accounts

Accounts receivable that are considered unlikely to be collected and are therefore written off as a loss.