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What Action Can the Mentor Take to Help Reduce the Impact

question 17

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What action can the mentor take to help reduce the impact of reality shock on the mentee during the shock or rejection phase?


Definitions:

Periodic System

An inventory accounting system where updates to inventory levels and cost of goods sold are made at the end of an accounting period.

Purchase Discounts

Reductions in the price of goods purchased, usually as a reward for early payment to the supplier.

Freight-In

The cost associated with getting inventory to a business, usually included in the cost of goods sold.

GAAP

The collection of standard accounting practices widely recognized for financial reporting is called Generally Accepted Accounting Principles.

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