Bundle: Foundations of Business, Loose-Leaf Version, 5th + MindTap Introduction to Business, 1 term (6 months) Printed Access Card
Bundle: Foundations of Business, Loose-Leaf Version, 5th + MindTap Introduction to Business, 1 term (6 months) Printed Access Card
5th Edition
ISBN: 9781337494809
Author: William M. Pride, Robert J. Hughes
Publisher: Cengage Learning
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Chapter 15, Problem 1DQ
Summary Introduction

To determine: Whether managers really need all the kinds of information or whether any kinds of information can they do without.

Introduction: Data implies raw facts accumulated about somebody or something, which is uncovered and random. Facts, concerning a specific occasion or subject, which are distinguished by handling is called information.

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Explanation of Solution

The reasons on whether managers really need all the kinds of information or whether any kinds of information can they do without are as follows:

Managers might not have a day by day requirement for all types of information; however at some point each manager will address some part of all the diverse information. Managers do require all the information they can get about their organization and surroundings in which it works with the goal that they can designs for the future, execute current designs, and assess the outcomes.

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