In what way do managers benefit from the use of a management information system?
A) Data can be entered at numerous input terminals within the organization.
B) The managers would not be completely responsible for the information that is entered into the database system.
C) The managers could combine or adjust data to answer the questions from particular internal and external users.
D) The managers do not benefit, as the information requires technical expertise to retrieve.
E) Managers can store old documents in hard copy.
Correct Answer:
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Q6: Management accounting is guided by generally accepted
Q7: The text identifies six ways to classify
Q8: "Cost management" describes
A)the actions by managers to
Q9: There are three (3)basic business strategies: low
Q10: Managerial accounting and cost accounting both measure
Q12: Companies with a strategy of low prices
Q13: Management accountants are required to follow the
Q14: The text identifies six ways to classify
Q15: Managers typically receive reports on cost planning
Q16: Cost accounting provides information for both management
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