Information that a manager need to make a decision
What is the various information that a manager need to make a decision?
Expert
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.
Write a short note on the key areas which business objectives want to achieve?
What are the various features of the management accounting information system?
Write a short note on the main working areas of the Finance department?
Activity: The real work task or step executed in generating and delivering products and services. The aggregation of actions executed within an organization which is helpful for the purpose of activity-based costing.
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Write down a short note on determining costs and benefits in decision making process?
Briefly list out the main users of the accounting information which are related to the business?
Cost or Benefit Analysis: The Cost-benefit analysis (abbreviated as CBA) is an analytical device for assessing and pros and cons of moving forward with the business proposal. It is a process by which business decis
Process Value Analysis: Tools and methods for studying processes via customer value analysis. Its objective is to recognize opportunities for lasting enhancement in the performance of an association. It offers an in-depth review of wo
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
18,76,764
1948928 Asked
3,689
Active Tutors
1430463
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!