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Explain what is meant by social loafing and discuss three specific steps that managers can take to reduce or to eliminate this undesirable work behavior.
Net Realizable Value
The projected sales price of products subtracted by the expense of selling or disposing of them.
Inventory Account
An account on the balance sheet that reports the value of a company's inventory, consisting of products available for sale.
Days In Inventory
An efficiency ratio that measures the average number of days a company holds inventory before turning it into sales.
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