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Some Implications of Rapid Price Level Changes for Corporate Managers

Thomas George
Business Economics
Vol. 13, No. 2 (March 1978), pp. 9-14
Stable URL: http://www.jstor.org/stable/23482700
Page Count: 6
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Some Implications of Rapid Price Level Changes for Corporate Managers
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Abstract

Rapid inflation is a nearly ubiquitous phenomenon of most modern-day economies. It has affected almost every aspect of life, as indicated by the continual references made to it in both scholarly literature and the media. Managers within corporations have more often than not ignored this phenomenon in their operational decision-making. One would expect decision makers in the area of finance and accounting to be sensitive to price level changes, yet only in recent years have alternative accounting methods been seriously discussed by professionals in the field. The first part of this paper discusses the impact of inflation on financial decision-making, and the second part explores implications of inflation for managers in other areas.

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