Why must managers be aware of a firm's external environment?

Q: How might operating leverage impact a companys decision making process?

A: Decision making process -Decisions must be made on a regular basis by managers to address issues.…

Q: Why are leadership skills important to managers?

A:

Q: What challenges does functional diversity represent for the business environment?

A: Introduction: A business environment is a confluence of internal and external elements and forces…

Q: What is the primary objective of the financial manager? How are they different from other manager

A: Financial manager is a person who is  responsible for carrying out various financial functions of an…

Q: How can accounting firms ensure independence and objectivity as part of their quality control…

A: Quality control procedures are methodical  processes and methodologies  enforced by organizations to…

Q: What is the concept of apparent authority? Give an example of how it might crop up in the business…

A: Meaning of Apparent Authority :- Apparent authority arises when someone reasonably believes a person…

Q: What steps can be  taken to ensure that a management team makes decisions for the better of the…

A: In finance managers are agents who are appointed by the owners of a company. The stakeholders are…

Q: What's does the workers owe to the firm from an ethical perspective?

A: Meaning of Ethics The word ethics is derived from Greek work “ethikos” which means character which…

Q: How might managerial incentives affect the analysis of earnings persistence?

A: Analysis of earnings persistence Earning persistence which was indicating that the total earning…

Q: How does past knowledge of profit and loss impact your perspective on company management?

A: This Question deals with how does past knowledge of profit and loss impact your perspective on…

Q: Why is it important for a manager to receive frequent feedback on his or her performance?

A: Feedback refers to the review of the prior action of an individual by another individual thereby…

Q: Explain why a clear strategy is vital for a company.

A: In general words, a business strategy is a written plan outlining how a company intends to achieve…

Q: Any situation where a potential conflict can arise between the firm's owners and its managers is…

A: Variable in the question:Any situation where a potential conflict can arise between the firm's…

Q: What is the objective of the firm?  Why?

A: Business firm are defined as the combination of the financial, physical, and the manpower resources,…

Q: what advice should the controller give the management?

A: Variance in income statement A deviation in accounting is the discrepancy between a planned,…

Q: Agency theory suggests that one way to motivate managers to act in the best interests of the…

A: Here discuss about the details of the agency theory which act against disputes and problems which…

Q: Understand how management accountants help firms make strategic decisions

A: Management Accounting: Management accounting is a branch of accounting which is aimed at providing…

Q: Why are internal accounting controls important to a business? What are advantages vs. the…

A: Internal control refers to a systematic procedure to be followed by the personnels of a company to…