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

24-01-2020
Business

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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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Abotaiwo Abotaiwo · Answer 1 · 2020-01-26T08:11:28+01:00

Answer:

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..