Generally, the top management of a company would most benefit from information such as summary reports of transactions, detailed reports of problems, and operating plans and policies. True or false?

Question

Business

Myers

2 March, 03:33

Generally, the top management of a company would most benefit from information such as summary reports of transactions, detailed reports of problems, and operating plans and policies. True or false?

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Answers (1)

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Gillian Lynch · Answer 1

False

Explanation:

Different levels of management have their information need, this can be classified as operational, tactical and strategic.

Operational information - are information relating to day to day routine of the entity, such information is needed by the lower level management.

Tactical information - are information which deals with decisions relating to the deployment of the various assets of an entity, this information is needed by middle level management.

Strategic information - This is information that relates to the strategic focus of an entity such information is for top level management ...