Outline the Steps That a Manager Can Use Before Issuing

question 76

Essay

Outline the steps that a manager can use before issuing a change directive to determine how the employees will react to the change.

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Definitions:

Cost Or Market

An inventory valuation method that requires inventory to be recorded at the lower of its historical cost or its current market value.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, used in inventory valuation.

Cost Or Market

An accounting principle that values inventory at the lower of its original cost or its current market price to ensure inventory is not overstated on the balance sheet.

Market Value

The present cost at which a service or asset is available for purchase or sale in the market.