Question

Describe (50–80 words) why it is important to have factual information when making a decision about your organisation’s finances.

Answer 1

Factual information is not based on ideas or feelings or just from previous experiance, factual information is samething that based on fact and actual details. Major source of factual informations are books, laws etc. When we are making some decision about our organisation finance than obvioulsy we need to understand the excat facts, we can not work with the experciace of other company, all company have thier fundamentals that can not be same across, so their can not be a single policy applicable to all organisation. For taking some finance decesion we need to check the actual factc of the concerned company irespective of the behaviour of the industry.