Which of the following is not true about the Allowance for Doubtful Accounts?

A) It is a contra asset account.
B) It is used instead of reducing accounts receivable directly.
C) It is debited when uncollectible accounts are written off.
D) It is a liability account.
E) It is credited when bad debts expense is estimated and recorded.

When the process of entry and exit has ended in a competitive market, are firms' profits positive, negative, or zero?

An example of a management education program is an executive MBA. This type of management education program is best leveraged if trainees have little exposure or experience managing people.

Which type of investment in securities must always be classified as a current asset?

A) held-to-maturity debt securities
B) available-for-sale securities
C) trading securities
D) none of the these, they may all be classified as current or long-term assets

When pricing new products, one strategy that can be used is price skimming where the initial product price is set low and in doing this management hope the product will be widely accepted in the long term.

A nonprogrammed decision is applicable in:

A) any routine situation where the company has a ready-made solution.
B) any decision that does not relate directly to the employee's job description.
C) any nonroutine situation in which employees must search for alternative solutions.
D) any decision that is clearly within the employee's job description.
E) any decision that effects the employee's performance.

Defensiveness usually comes from high self-esteem.

Tactical plans tend to be intermediate-term plans that specify step-by-step means for using the organization's resources to put strategies into action.