To illustrate this last point, let us assume that a manager has to sell a custom-built machine
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To illustrate this last point, let us assume that a manager has to sell a custom-built machine owned by the business and has recently received a bid for it. This machine is very unusual and there is no ready market for it.
What information would be relevant to the manager when deciding whether to accept the bid? How reliable would that information be?
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Step by Step Answer:
The manager would probably like to know the current market value of the machine before decidi...View the full answer
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