Information that a manager need to make a decision
What is the various information that a manager need to make a decision?
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The managers might require information to help them decide whether to:
a) Develop new products or services (as with the computer manufacturer developing a latest range of computers).
b) Raise or reduce the price or quantity of existing services or products.
c) Borrow money to help the financial condition of the business.
d) Raise or reduce the operating capacity of the business.
Why most of the larger businesses are not managed as the single unit through one manager?
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Write down a short note on the Allocating resources in decision making process?
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
Write a brief note on the things which Opportunities comprises?
Write a short note on the key areas which business objectives want to achieve?
Cost Reduction: The procedure of looking for, finding and eliminating unwarranted expenses from the business to raise gains without containing a negative impact on the product quality. Most of the business managers will engage in periodic cost reducti
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What are the various features of the management accounting information system?
What do you mean by the term provision of management accounting information?
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