To manage a business effectively, an owner or manager would benefit greatly from having some knowledge of accounting.

Question

Quizplus · Accepted Answer

Accounting provides financial information about a business, such as revenues, expenses, profits, and cash flow. This information is essential for making informed decisions about managing the business, including setting budgets, tracking performance, and analyzing financial trends. Therefore, having knowledge of accounting can help an owner or manager manage the business effectively.

To Manage a Business Effectively, an Owner or Manager Would