Ziegler company properly applies the lower of cost and net realizable value rule and determines that its inventory value has declined below cost. which of the following methods may ziegler use to adjust its inventory to market value?
a) recognize the write-down as a separate line item.
b) recognize the write-down as an addition to cost of goods sold.

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?