Managers use financial information to help them plan, control and make decisions. The following pieces of information would be used by managers for which of those purposes?Reviewing actual spend against budgeted figures
A. Planning
B. Control
C. Decision-making
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Determining where spending cuts can be made
A. Planning
B. Control
C. Decision-making
Setting the price at which a new product will be sold
A. Planning
B. Control
C. Decision-making
Identifying an opportunity to produce a new product
A. Planning
B. Control
C. Decision-making
Which TWO of the following are characteristics of useful management information?
A. Financial
B. Internal
C. Easy to use
D. User-targeted