Answer:
Strategical level- It states that these type of decision making should be taken by the higher authorities of the company for example, chief executive, chief manager, president etc.
Explanation:
It will not affect the current GDP at all. GDP is a measure of all <u>newly produced</u> goods and services during a year, so 2 years ago the TV's full value would have been included in the GDP, but the sale of the TV as a used good later on would not be counted.
The extent to which a leader explains their roles and obligations to a person or group is known as task behavior. Giving instructions on what to do, how to do it, when to do it, and where to do it is a part of this conduct.
<h3>The definition of situational leadership is which of the following?</h3>
Situational leadership is the practice of adapting your management style to the needs of the team or specific team members in each unique situation or assignment. Paul Hersey and Ken Blanchard established the Situational Leadership Theory in 1969.
<h3>Which four contextual factors influence leadership?</h3>
Every leader should be aware of the four key elements of leadership: the led, the leader, the situation, and the communication. When exercising leadership, all four criteria must constantly be taken into account.
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Answer:
c.long-range time horizon.
Explanation:
Forecasts consider long-range time horizon to improve accuracy and provide more authenticity.
Answer:
The LCNRV basis is justified because of a decline in the selling price of the inventory item
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
This is justified where there is a decline in the selling price of inventory as it ensures that the amount stated in the books is fairly representative of the amount that may be realized from the sale of the inventory items.
