Entrepreneurs tend to be overly ________ and commonly misjudge the ________ requirements of going into business

Which of the following methods of determining annual bad debt expense best achieves the matching concept?

a. Percentage of sales b. Percentage of ending accounts receivable c. Percentage of average accounts receivable d. Direct write-off

Which of the following is NOT an effect of global economic and political forces on every organization's activities?

A) the failure to exploit low-cost inputs abroad B) the rise of low-cost foreign competitors C) the development of new technology that can erode a company's competitive advantage D) the creation of more powerful unions