Question

1.Identify the types of reports and other data that would provide managers with the information necessary for organizational decisionmaking. (Common categories of management information include financial documents, inventory data, sales and marketing reports, and human resource records.)

2.Describe computer systems and other technology that would facilitate the processing, reporting, and use of information for international business operations. (For example, a global computer network may be used to record and report inventory and sales from various branch offices.)

Answer 1

1.Identify the types of reports and other data that would provide managers with the information necessary for organizational decisionmaking. (Common categories of management information include financial documents, inventory data, sales and marketing reports, and human resource records.)

Below are the various data and reports used by managers :

Budget

An organisation will have to prepare several types of budgets like income and expenditure budget, production budgets, cash budgets etc. Budget will help decide the managers on how much to spend on a particular area.

Sales Report

The sales division prepares the sales report.The analysis report is mainly based on the budgeted and actual sales figures. Managers can see a difference between budgeted and actual sales figures, known as sales variance, with reasons.

Production Report

The manufacturing division gives information about the production targets achieved by the production department. This is one of the important reports

Cash flow statements

Cash flow statements has the exact figures of inflows and outflow of cash during the period of operations. It provides information related to the source of funds utilised.

Abnormal losses Report

The manufacturing division will create abnormal losses report. Any increase in product cost arising due to abnormal situations due to material, labour and ideal facilities can be seen in this report