3M Encourages Engineers to "Bootleg," or Borrow Up to 15

question 5

Essay

3M encourages engineers to "bootleg," or borrow up to 15 per of their time at work on creative activities. What do you think are management motives for this strategy?

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Definitions:

Posting

The process of transferring journal entries to their respective accounts in the ledger.

Balancing

The act of ensuring that two sets of records (usually the credits and debits in an account) are in agreement.

Fees Earned

Income received for services provided by a company or individual, usually professional services such as legal, consulting, or accounting services.

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered or used but not yet paid for.