The specific types of information that managers need depends on their area of management and on their level within the firm.

Question

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Different managers have different responsibilities and therefore require different types of information to make informed decisions. Higher-level executives may need more strategic information, while lower-level managers may require more operational data. Similarly, managers in different functional areas (e.g. finance, marketing, operations) will require different types of information specific to their area.

The Specific Types of Information That Managers Need Depends on Their