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Why is learning about organizational behavior important?
Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Ending Inventory
The value of goods available for sale at the end of an accounting period.
Current Cost
The present-day cost to replace an asset or to purchase an equivalent asset, reflecting current market prices.
Actual Cost
The actual amount of money spent to acquire an asset, including all costs necessary to get the asset ready for its intended use.
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