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

Deanna Frank

Business

29 June, 20:30

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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Gaven Hopkins · 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 ...