Assume You Are a Supervisor Who Manages More Than 20

question 2

Multiple Choice

Assume you are a supervisor who manages more than 20 employees, each of whom occupies a different job.At a recent project meeting with eight of your employees, you discussed with them the importance of communication and the rapidly developing technology associated with communication.A point that you should not fail to make in your discussion is:

• A)supervisory communication is normally one-way
• B)face-to-face communication is inefficient
• C)formal communication channels should be used at all times
• D)communication is the evoking of a shared or common meaning in another person

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Definitions:

LIFO

"Last In, First Out," an inventory valuation method where the most recently produced or purchased items are the first to be expensed.

Cost Flow Assumption

An accounting principle that determines how costs are allocated to inventory and cost of goods sold, examples include FIFO, LIFO, and average cost methods.

Cost of Goods Sold

The immediate expenses related to the creation of products that a company sells.

Merchandise on Credit

Goods that have been sold but not yet paid for, implying that the buyer owes the seller money.