When Considering Sharing Bad News Within an Organization,managers Must Commit

question 24

Multiple Choice

When considering sharing bad news within an organization,managers must commit to

• A)determining what an employee may be implying,but not saying.
• B)responding only when each detail has been researched thoroughly.
• C)punishing those employees who spread bad news in the workplace.
• D)limiting the communication channels.
• E)listening when employees have negative information to share.

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Definitions:

Direct Write-off Method

A method used in accounting to write off bad debts when they are determined to be uncollectible, impacting accounts receivable and expense accounts directly.

Recovery of Bad Debt

The process of collecting funds previously written off as uncollectible, generally resulting in an income statement gain the period it's recovered.

Percent of Sales Method

A financial forecasting approach that estimates future financial statements' items as a percentage of projected sales.

Allowance Method

An accounting technique that estimates and accounts for bad debts as an expense before they are actually confirmed as uncollectible.