What management levels are more likely to deal with unstructured problems? With structured problems? Why?

Q: Is nonfinancial information ever useful in managerial decision making?

A: Yes. Non-financial information is also useful in case of managerial decision making. There are three…

Q: Should the decision-making process be top-down (centralized with top administrators) or…

A: The decision-making process be top-down is much better than the bottom up for the following reasons:…

Q: Explain the problems associated with lack of director independence.

A: An independent director is a director of board of directors who does not have a material…

Q: How is sensitivity analysis used to cope with uncertainty in decision making?

A:

Q: How does organizational dissonance influence ethical leadership and decision making?

A: Ethical leadership can be defined as leadership to achieve relevant target in context of ethical…

Q: What is management fraud?

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: How does the external analysis affect other components of the strategic management process?

A: Setting objectives, examining the competitive environment, studying the internal organization,…

Q: Explain how sensitivity analysis helps managers cope with uncertainty

A: Definition:

Q: In scanning environment, why the strategic auditor focuses more on external environment rather than…

A: Environmental scanning refers to the possession and utilization of knowledge regarding different…

Q: What is the link between the internal control environment and accountability?

A:

Q: How can confidential data and information be kept confidential and yet still be available to…

A: Management information system (MIS): A management information system (MIS) is a computerized system…

Q: Describe how a Project Manager can draw in a crucial but less supportive stakeholder?

A: Project management is the process in which the efforts of a team or a group of people are directed…

Q: What is value-based management and how is it used?

A: The company finds the value of the company by discounting the cash flows occurring in the future.…

Q: how does general control area of systems development and program change impact day-to-day…

A: Accounting Information system:  The Accounting Information System is a system that a business uses…

Q: Which is not one of the potential advantages of decentralization? Improves motivation and retention…

A: Decentralization refers to transfer of authority from central to local government.

Q: What is sensitivity analysis? Why is it important for managers?

A: Sensitivity analysis:  This is a technique that is used for measuring and examining the reason used…

Q: risk management ideas, common reaction strategies, and IT system recovery issues

A: Some of the important risk management ideas are listed below: Keep an eye on changes in your…

Q: That event of management's desired objectives is an example of:

A: Efficiency: Efficiency is the ability to accomplish the result with the usage of the least amount of…

Q: If management control and strategic planning decisions do not receive a high level of support from…

A:

Q: What steps can be  taken to ensure that a management team makes decisions for the better of the…

A: In finance managers are agents who are appointed by the owners of a company. The stakeholders are…

Q: What makes information irrelevant to decision making?

A: Irrelevant information is a part of the information collected for decision-making from various…

Q: How does Incremental Analysis assist Management in decision making?

A: The financial information needed for decision-making is analyzed using incremental analysis or…

Q: Discuss the objectives of the risk management process. Why should you follow a regimented and well…

A: Risk management is a strategy for preventing and controlling dangers to a company's operations. It…

Q: potential bias in management's ncerns,

A: Option 1 is wrong because the management' bias in estimation calculations is to be considered to…

Q: Identify instances for which feedback becomes useless in helping to control activities.

A: Definition: Internal Control: Internal control refers to the plan of a company. Implementation of…

Q: What is strategic management.

A: For organisation to achieve its goal by making proper decisions , anticipating changes and directing…

Q: What are some suggestions for risk management, typical response tactics, and IT system recovery…

A: Risk management:  A system of people, processes, and technology called risk management helps a…

Q: What questions should managers answer when facing constraints?

A: Constraint:  The factor which restricts a company from achieving its goals is called a constraint.

Q: ways on how to avoid conflict of interest in an organization.

A: Conflict of interest in an organization arises when the management and the employees do no share…

Q: How does the reward system for a strategic-based system differ from the traditional approach?

A: Strategic-based performance management system: A strategic-based performance management system turns…

Q: What are the two dimensions of the activity-based management model?How do they differ?

A: Activity based costing is a type of costing method which allocate indirect cost based on their…

Q: What types of circumstances would encourage management to establish a complex organizational…

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: How does management by exception help to alleviate information overload by a manager?

A: Management by Exception:  The technique used by the manager to restrict the focus to specific…

Q: How can conflicts arise between the decision model used by a manager and the performance evaluation…

A: Upper management experiences a continuing struggle: ensuring that lower-level managers' performance…

Q: How environmental uncertainty and length of commitment influence the manager approach to planning?

A: Solution- Environmenta Uncertanity-   Environmental uncertainty is nothing however the degree of…

Q: Distinguish between a problem and a symptom. Give an example. Are these usually noticed by upper-,…

A: Management education tries to degree out person differences, control improvement affords a unique…

Q: In what ways do the classical and administrative models of decision making help managers appreciate…

A: Solution-   The classical and body models of call-making facilitate the managers understands…

Q: What is sensitivity analysis? How do managers use this tool?

A: Sensitivity Analysis: Sensitivity analysis, also referred as what-if analysis, is a method to…

Q: Why risk management process is essential

A: Risk management:- Risk management is the method of planning, organizing, directing, and dominant the…

Q: What are two examples of the types of management issues that can be addressed by cvp analysis?

A: CVP or Cost-volume-profit analysis is a cost accounting method of analysing the effect of cost and…