Business managers must often make decisions without the benefit of a complete accounting system.

Question

Quizplus · Accepted Answer

While an accounting system can provide valuable information for decision-making, there are situations where managers may need to make decisions based on limited or incomplete financial data. This can occur in rapidly changing environments or in scenarios where there is not enough time or resources to gather all the necessary information. In these cases, managers may need to rely on their experience, intuition, and other non-financial factors to guide their decision-making.

Business Managers Must Often Make Decisions Without the Benefit of a Complete