0
How will managers use financial information to predict outcomes in business?
CasieCat
Managers rely on financial information to determine the number of employees needed to complete specific duties and the cost of products and materials in order to complete tasks.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How will managers use financial information to predict outcomes for business?
How will managers use financial information to predict outcomes for business?
What is the benefit of correlation and regression analysis in business decisions?
The benefit of using correlation and regression analysis in business decisions is that it allows you to weigh outcomes. This can help managers see if they should continue with their current model or make changes to it.
What two outcomes is classification designed to produce?
wo outcomes is classification designed to produce are CONTROL & PLANING
Explain factors infuencing financial decisions?
In business school, one is often taught two critical factors -- hurdle rate of return (or cost of capital) and risk. These are then combined into a weighted cost of capital (ie: a return weighted for risk) However, one also needs to weigh strategic factors, such as the nature and importance of the financial decision. For example, if I were running a business, there are certain mission-critical things i need, and there are certain niceties that would make operations run smoother. And, sometimes there are things that will help me sell more services or products, because the consumer might find that if I had this or that system, my goods/services become more desirable Then, there's also the availability (or scarcity) of funds and the magnitude of the project or financial decision and these might get traded off against alternatives. A useful way to see all these things are what are called decision trees, where one identifies the outcome, then put branches out which define different ways to achieve the outcome along with financial costs, duration of expenditures, and risks of various outcomes. In this way, it can be easier to both do the financial math as well as brainstorm and choose a particular path. hope that helps
What is the difference between output and out comes?
Output is what is produced. Outcomes are the result of the output
How will managers use financial information to predict outcomes for business?
How will managers use financial information to predict outcomes for business?
What is a financial information system used for?
The financial information system analyses financial data that is used for optimal financial planning and forecasting decisions and outcomes. It helps a company determine its financial objectives due to the use of minimal resources.
What is the benefit of correlation and regression analysis in business decisions?
The benefit of using correlation and regression analysis in business decisions is that it allows you to weigh outcomes. This can help managers see if they should continue with their current model or make changes to it.
How do you answer 'Why is corporate finance important to all managers'?
A person can answer the question of why they chose a certain position in a variety of ways, including their interest in the career and the advancement opportunities.. It is important to be honest with interview questions.
When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future this is known as?
risk
Critical data sources you would use to measure the financial outcomes?
To implement changes in an new organization, what are the critical data sources you would use to measure the financial outcomes?
Why is research important for management?
Managers need to take or make business decisions quite often and the outcome of a specific business research helps him/her in this regard as we all know that research is a systematic way of gathering and analysing data which enable the managers to come up with a new approach to find a solution to a problem or business problem
What is the guest model of human resources management?
financial outcomes in guest models of hrm
How do you obtain a probability distribution?
Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.
How is the top-down approach to information security superior to the bottom-up approach?
The project is initiated by upper-level managers who issue policy, procedures and processes, dictate the goals and expect outcomes, and determine accountability for each required action.
What are some Positive outcomes of change in business?
New and better opportunities
Nature and scope of quantitative technique?
QT are mathematical & statistical methods used to analyze and interpret large amount of data in a systematical & objective manner. They play a crucial role in modern business decision making. The nature of Q.T in business tools that allow managers to optimize outcomes with limited resources.
