Who Is Primarily Responsible for Developing Operational Plans

question 28

Multiple Choice

Who is primarily responsible for developing operational plans?

• A) lower-level managers
• B) middle managers
• C) top managers
• D) staff advisors
• E) any of these

---

Definitions:

Bad Debt Expense

The operating expense incurred because of the failure to collect receivables.

Uncollectible

Refers to amounts due to a company that it considers unlikely to be collected from debtors.

Trade Receivables

Sums due to a business from its clients that stem from selling products or services on account.

Exchange Notes

Financial instruments representing an agreement between parties to exchange interest payments or currency values over a set period.