Textbook Problem

Do managers really need all the kinds of information discussed in this chapter? If not, which kinds can they do without?

Summary Introduction

To determine: Whether managers really need all the kinds of information or whether any kinds of information can they do without.

Introduction: Data implies raw facts accumulated about somebody or something, which is uncovered and random. Facts, concerning a specific occasion or subject, which are distinguished by handling is called information.

Explanation of Solution

The reasons on whether managers really need all the kinds of information or whether any kinds of information can they do without are as follows:

Managers might not have a day by day requirement for all types of information; however at some point each manager will address some part of all the diverse information. Managers do require all the information they can get about their organization and surroundings in which it works with the goal that they can designs for the future, execute current designs, and assess the outcomes.