All of the Following Are Characteristics of the Informal Organization

question 38

Multiple Choice

All of the following are characteristics of the informal organization EXCEPT:

• A)Groups tend to develop elaborate procedures.
• B)Group norms are developed.
• C)As more time passes members of the group bond.
• D)Understanding the behavior is an easy process.
• E)The informal organization can thwart the attainment of organizational goals.

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Definitions:

Income Statement Approach

A method for preparing the bad debt expense by estimating the amount of accounts receivable that will not be collected and adjusting the allowance for doubtful accounts accordingly.

Bad Debts Expense

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

Receivables

Receivables, often called accounts receivable, are the funds owed to a company by clients or customers for goods or services already delivered or used but not yet paid for.

Bad Debts

Financial losses attributed to customers who fail to pay what they owe for purchased goods or services, often considered as an expense in accounting.