Explain the Hawthorne Effect and Why It Is Important

question 260

Essay

Explain the Hawthorne effect and why it is important.

---

Definitions:

Carrying Value

The book value of assets and liabilities recorded in the financial statements, often differing from the market value.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.

Accounts Receivable

The sum of money a company is entitled to receive from its customers for goods or services already delivered or used but not yet paid for.

Inventory

Inventory is the array of finished goods or goods used in production held by a company during its ordinary course of business.