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Decisions are made within the business structure about who will produce, how much will be produced, how production will be implemented, how the work will be organized, and how the finished good or service will be made available

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How do computers help businesses?

Managers in business use computers to help them make decisions. Based on data computers computer, managers can make quicker decisions for the business.


What decisions do the user of accounting information make?

The most broadest answer is "investment decision" because any decisions made around accounting information/businesses etc is generally an investment, or the sorts. You might make a decision to invest in the business - as a potential shareholder. You might, as a manager, make decisions whether or not an action is viable, or not. You might make a cost cutting decisions, and pretty much any other business decision - should we change insurers? how is our advertising scheme going? how can we increase productivity? is this worthwhile? how much tax do we have to pay? are we doing things legitimately?


How does an actuary help businesses make financial decisions?

An actuary helps businesses make financial decisions by analyzing statistical data and risk factors to assess potential future events, particularly in areas like insurance, pensions, and investments. They use mathematical models to evaluate the financial implications of uncertain scenarios, enabling companies to set appropriate premiums, reserves, and funding strategies. By providing insights into risk management and financial forecasting, actuaries help businesses optimize their financial planning and enhance overall stability.


What is the nature and scope of financial accounting?

Financial accounting helps people and businesses manager their money. With better information about financials, managers can make better decisions about the direction of the organization.


Is it true that the sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions?

No. Accounting information is used by managers to make decisions and plans; but it is also commonly used by investors to make investment decisions and creditors (such as banks) to make lending decisions.

Related Questions

Do Soviet Union or u.s privat businesses make economic decisions?

cows were there


What kind of economy is one in which individuals and businesses make most economic decisions?

Market.


Governments and businesses use incentives to?

convince people to make certain economic decisions.


What did the Supreme Court decisions in the slaughterhouse cases do for American businesses?

The decisions showed that businesses have rights.


How do computers help businesses?

Managers in business use computers to help them make decisions. Based on data computers computer, managers can make quicker decisions for the business.


What decisions do the user of accounting information make?

The most broadest answer is "investment decision" because any decisions made around accounting information/businesses etc is generally an investment, or the sorts. You might make a decision to invest in the business - as a potential shareholder. You might, as a manager, make decisions whether or not an action is viable, or not. You might make a cost cutting decisions, and pretty much any other business decision - should we change insurers? how is our advertising scheme going? how can we increase productivity? is this worthwhile? how much tax do we have to pay? are we doing things legitimately?


How do businesses utilize the concept of time value of money to make strategic financial decisions and maximize profitability?

Businesses use the concept of time value of money to make decisions about when to invest money and how to allocate resources in order to maximize profits. By understanding the value of money over time, businesses can make strategic financial decisions such as investing in projects that offer the highest return on investment and managing cash flow effectively. This helps businesses make informed choices that can lead to increased profitability in the long run.


Who argued that individuals should own and control businesses and make all the decisions about them?

Adam Smith. CAVA


What are two entities that make the majority of economic decisions in the free market?

Private households, and Private businesses


Who argued that individuals should own and Control businesses and make all the decisions about them.?

Adam Smith. CAVA


Because subjective decisions are based on a person's unique values and beliefs economic decisions .?

Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.


What type of businesses need Microsoft Access?

All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.All businesses can use databases, so they all need Access or some other database application. It is not tied to certain kinds of businesses. There are all sorts of uses for databases.