As a manager, you have been asked to work with your employees to develop goals. What can you expect from this process? Check all that apply. A benefit of plans is that they lock the organization into a course of action it can stick to, even if the environment changes. One of the drawbacks of plans is that they can create a false sense of security. When deciding whether goals and plans will be beneficial, managers should consider whether the environment is more stable or more dynamic. The advantages of setting goals and making plans always outweigh the disadvantages for every organization in any environment.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.