Provide a Short Answer to Each of These Questions

question 52

Essay

Provide a short answer to each of these questions.Be sure to fully explain your answer.
Assume that you are the general manager at a plant that will be closing in one year.It is a small plant,and so is not subject to the Worker Adjustment and Retraining Notification Act (WARN).Should you give your employees advance notice of the closing? Why or why not?

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Assessed Valuation

The dollar value assigned to a property for purposes of measuring applicable taxes, determined by a public tax assessor.

Taxation

The imposition of compulsory levies on individuals or entities by governments to fund public expenditures.

Market Value

The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm's length transaction.