Which of the following is/are true?
a. Firms report accounts receivable they expect to collect within one year at the amount of cash the firms expect to receive.
b. Both U.S. GAAP and IFRS require firms with significant uncollectible accounts receivable to estimate the amount of uncollectible accounts related to a particular period's sales and recognize that amount as bad debt expense in the same period as the related revenues.
c. Firms typically use a contra account to accounts receivable, such as Allowance for Uncollectibles, to reflect the amount of accounts receivable they do not expect to collect.
d. The entry to recognize estimated uncollectible amounts involves a debit to Bad Debt Expense and a credit to Allowance for Uncollectibles.
e. all of the above
E
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The following are internal stakeholders, except:
A) employees B) labor unions C) shareholders D) customers
Answer the following statements true (T) or false (F)
1. Part-time and temporary employees are typically good candidates for empowerment because the decisions they make are not felt by the organization after they leave. 2. One example of an unintended consequence of empowerment is when the host of a restaurant seats four tables in the same section at the same time, overloading a specific server and not sharing the potential gratuities with other servers. 3. Ethical Leadership is driven by a respect for ethical beliefs, dignity, and rights of others. 4. Employees are fairly homogenous, which makes leadership easier because they respond in similar ways.
When properly created, a strategic business unit (SBU):
a. has a specific target market. b. plans collaboratively with other SBUs of the company. c. has a maximum of hundred employees. d. shares the mission of its parent company.
Answer the following statements true (T) or false (F)
1. In Great Britain, collective bargaining has traditionally occurred only when both management and labor voluntarily agree to engage in negotiations. 2. Voluntarism is an institutionalized system of employee voice in which employees are entitled to participate in workplace decision-making. 3. In Great Britain, collective bargaining agreements are not legally binding. 4. The Trades Disputes Act of Great Britain gives labor unions immunity from lawsuits over breach of contract and striking. 5. Labor legislation passed by Margaret Thatcher during the 1980s resembled many of the provisions included in the Taft-Hartley and Landrum-Griffin Acts passed in the U.S. 20 to 30 years earlier.