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

Q: Which approach to understanding business processes is conducted from a broad organizational…

A: Method of understanding business means how to get know more about our business , how to do business…

Q: Is nonfinancial information ever useful in managerial decision making?

A: Yes. Non-financial information is also useful in case of managerial decision making. There are three…

Q: How does organizational dissonance influence ethical leadership and decision making?

A: Ethical leadership can be defined as leadership to achieve relevant target in context of ethical…

Q: Why is it important to distinguish between the performance of a manager and the performance of the…

A:

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: What is the value of customer relations and customer service?

A: Customer relations is the relationship with customer and the focus of which is to build customer…

Q: How do managers make decisions toimplement strategy?

A: Managers are able to make better decisions to implement strategy with the help of management…

Q: What questions should managers answer when considering outsourcing?

A:

Q: What is the purpose of the Management’s Discussion and Analysis?

A: Management Accounting:   It refers to using the financial information of the organization for…

Q: Should firms behave ethically?

A: In order to survive in the competitive market for a very long period of time the business firms are…

Q: What is sensitivity analysis? Why is it important for managers?

A: Sensitivity analysis:  This is a technique that is used for measuring and examining the reason used…

Q: How is managerial accounting useful

A: Introduction: Accounting; Accounting is an art of recording, classifying,  summarizing and…

Q: Why management accounting practices is important in conducting turnaround program?

A: Accounting is a science of keeping the business record in a regular and most systematic manner, so…

Q: Why do management accountants need to understand their company’s strategy?

A:

Q: What is management’s primary objective?

A: The primary objective of the management is Shareholders wealth maximization which is a long-term…

Q: What questions should managers answer when facing constraints?

A: Constraint:  The factor which restricts a company from achieving its goals is called a constraint.

Q: What should be the primary objective of managers?

A: Manager is a person who controls, supervise and manages the overall staff of a particular company.…

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: What is the most important reason for an organization to use enterprise riskmanagement?

A: Accounting information systems (AIS) collect and process transaction data before distributing…

Q: What role do management accountants play in assisting with strategic decisions?

A: The role of management accountants play in assisting with strategic decisions:

Q: How do organizations use pay for performance to motivate managers?

A:

Q: How is knowing the degree of operating leverage helpful to managers?

A: Degree of Operating Leverage:  Degree of operating leverage is an efficiency ratio which evaluates…