Acme Engineering Needed Cash and on March 14 Assigned a Block

question 99

Multiple Choice

Acme Engineering needed cash and on March 14 assigned a block of its accounts receivable to Wellington Finance Company.On March 21,it assigned another block to Bagot Finance Company.By an oversight,the second block contained an account,a receivable from Smith,that Acme had already assigned to Wellington.The notice of assignment from Bagot arrived at the Smith offices on March 24,and Wellington's notice arrived on March 28.What is the most correct action that Smith should take?

• A)Pay any demand of Acme made on March 16 or 23;pay any demand of Bagot on or after March 24.
• B)Pay any demand of Acme made on March 13;pay any demand of Wellington on or after March 28.
• C)Refuse to pay all Bagot demands.
• D)Refuse to pay all Acme demands made after March 14.
• E)Refuse to pay all Acme demands made after March 21.

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Definitions:

Constructive Conflict

Disagreements that are approached with a positive mindset, focusing on understanding and resolving differences to improve organizational outcomes.

Task-Related Conflict

Conflict that arises from differences in viewpoints, ideas, and opinions specifically related to the task at hand in a work environment.

Basic Assumptions

Fundamental beliefs that underlie the culture and operational practices of an organization, often unstated.

Constructive Conflict

A type of conflict where the involved parties engage in positive, mutually respectful discussions that lead to new insights, solutions, and growth.