Question

Do you think the statement “management decisions must always be based on information that is objective...

Do you think the statement “management decisions must always be based on information that is objective and verifiable” is correct? Justify your answer with specific examples. 100 words)?

Homework Answers

Answer #1

No, the statement “management decisions must always be based on information that is objective and verifiable” is not correct. For example, if we see the financial accounting data is always expected to be objective and verifiable, but the managers would like to have the “relevant” data for the internal decision making irrespective of the data to be entirely objective or verifiable. Here relevance of data means the information or data should be appropriate for the issue and helpful for the decision making. Lets’ say, we can’t verify the estimated number of workstations needed at the proposed workspace facility but this may be the type of information all managers may be looking to take decision for hiring. And they rely on the management information system which should be flexible to provide them relevant data for the decision making.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Do you think this, "adequate segregation of duties." always works to prevent misdeed? Explain Please answer...
Do you think this, "adequate segregation of duties." always works to prevent misdeed? Explain Please answer in your own words. Do not use outside resources.
What do you think is the significance of the Renin-Angiotensin-Aldosterone system? What do you think could...
What do you think is the significance of the Renin-Angiotensin-Aldosterone system? What do you think could happen if that system was not in place or was malfunctioning? Answer must be at least 100 words.
Do you think the US Central bank is correct in their continued accommodative policy decisions (i.e....
Do you think the US Central bank is correct in their continued accommodative policy decisions (i.e. (1) You find their policy decisions appropriate? (2) You disagree with their policy decisions. (3) You have an alternative perspective.) Explain and support your position.
Do you think that voluntariness is morally important in euthanasia decisions? How important do you think...
Do you think that voluntariness is morally important in euthanasia decisions? How important do you think that it is? For example, do you think that it is so important that whatever a person requests ought to be done? Explain. Does your conclusion regard the morality or also the legality of euthanasia?
Why do you think interpersonal skills are so very important for managers and the management team...
Why do you think interpersonal skills are so very important for managers and the management team of an organization? Using your knowledge of job satisfaction, do you think interpersonal skills within an organization can improve or deteriorate job satisfaction? Why/why not? You may use examples from companies as a part of your answer.
do you think that management should be responsible for internal controls to prevent fraud or should...
do you think that management should be responsible for internal controls to prevent fraud or should that be the responsibility of the auditor? Provide examples to back up your ideas. DO NOT SUBMIT ANYTHING HANDWRITTEN! i promise, your handwriting isn't as good as you think it is
How do you think value based reimbursement will impact financial management of health care
How do you think value based reimbursement will impact financial management of health care
Do you think that the concept of conservatism has greater benefits for management or investors? Give...
Do you think that the concept of conservatism has greater benefits for management or investors? Give examples.
Do you agree or disagree with the following statement? “I think managers have little responsibility for...
Do you agree or disagree with the following statement? “I think managers have little responsibility for the failure of business firms.” Justify your view.
Primary Question Do you think some human resource management goals are more important than others? Why...
Primary Question Do you think some human resource management goals are more important than others? Why or why not? What implications might be drawn if a particular manager felt that certain goals were indeed more important than others?  Please explain fully. Second Question Which equal employment opportunity law do you think is most critical? Which do you think is least critical today?  Please provide at least two reasons to justify your answer.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT