When Martina, Manager of the Sales Department for ShineCo Cleaning

question 50

Multiple Choice

When Martina, manager of the sales department for ShineCo Cleaning Supplies, realized that her plan to increase her associates' sales levels was not producing the desired results, she instituted a refresher training course that helped the associates achieve better results. Which of the following management functions is illustrated in this scenario?

• A)planning
• B)organizing
• C)leading
• D)controlling
• E)budgeting

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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.