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Why knowledge of cost behavior is useful information for a manager to have?
Wiki User
∙ 9y ago
With more information about cost behavior managers can determine what products can be produced to maximize profits. This knowledge will help the organization build value for shareholders.
Wiki User
∙ 9y ago
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The most useful evaluation of a manager's cost performance is based on?
Balls
Why is a knowledge of accounting concepts and terminology useful to anyone in a business activity?
to improve your knowledge and understanding of small business solutions
Why are ethics crucial to accounting?
Accounting aims to provide useful information for decision-making. For information to be useful, it must be trusted. Trustworthiness of information demands ethics in accounting.
What is the purpose of producing accounting information?
The primary purpose of accounting information is to provide useful information to help people make decisions.Stakeholders of a company are interested in the financial performance of that company, and therefore require accounting information in order to assess the company's well-being.In order for accounting information to be useful, it must be:UnderstandableRelevant/TimelyReliable/VerifiableComparable
Characteristics of accounting?
Accounting provides businesses with useful and relevant information. The more accurate the information, the more the business can base business decisions on the information.
Why knowledge of cost behavior is useful in product performance evaluation?
i dont know the answer. I am also looking for the answer.
How might knowledge of organizational behavior help the company's frontline supervisors manage their employees?
Knowledge of the organizational behavior of a company is useful for supervisors when managing employees. The information could be used to create incentives and goals as well as provide workers with feedback.
Does the process of defining relationships among data to create useful information requires knowledge?
yes
Is the awareness and understanding of a set of information and the ways the information can be made useful to support a specific task or reach a decision?
Answer: Knowledge
What are the attributes of useful information?
Useful information should be accurate, timely, relevant, and complete. It should also be easily understandable and accessible to the intended audience.
Where did you find your information?
I have access to a vast amount of knowledge and information that has been programmed and verified by a team of experts. My responses are based on this data to provide you with accurate and useful information.
When was Society for the Diffusion of Useful Knowledge created?
Society for the Diffusion of Useful Knowledge was created in 1826.
How do you answer sources questions in history?
How useful is it? Strengths and weaknesses of the provinence (Purpose, origins, type of source, author, date) Strengths and weaknesses of knowledge (Useful information in context, lacks?)
What are the advantages and disadvantages of knowledge management systems?
A knowledge management system can be useful in many different ways or strategies and practices. It is commonly used successfully in the Information Technology field and human resource management.
Why are market prices useful to a financial manager?
because the manager wants to make money proboly because he is poor that is cool ha!
When was Boston Society for the Diffusion of Useful Knowledge created?
Boston Society for the Diffusion of Useful Knowledge was created in 1829.
Compare and contrast data information knowledge and message?
Data is raw facts or figures, information is processed data that provides context or meaning, knowledge is the understanding gained from information, and a message is a communication containing data, information, or knowledge. Data is the most basic form, while a message is a more refined form that conveys specific content or meaning. Knowledge represents a deeper level of understanding derived from processing information, while information is the organized and useful form of data.
