If, as a Manager, You Are Required to Pass on Information

question 18

Multiple Choice

If, as a manager, you are required to pass on information or an instruction to your team about a change that they are unlikely to agree with or support, you should:

• A) criticise the change and get your team on side by saying that you also disagree with it.
• B) verbally support the change to your team, but make it obvious through your body language that the opposite is actually true.
• C) look at the situation from the strategic perspective and try to understand the overall reasons behind the change.
• D) leave announcing the change until it actually needs to be implemented, so that it will be too late for any disagreement among the team.
• E) threaten to resign unless there is greater consultation in relation to the change.

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Definitions:

Purchases

The total amount spent on goods and services bought by a business for either resale or use in its operation.

Cost-to-retail Ratio

The cost-to-retail ratio is a method used in inventory accounting to estimate the value of ending inventory using the ratio of cost to retail price.

Rising Prices

A situation in an economy where the general level of prices for goods and services increases over time.

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by calculating a cost-to-retail ratio.