Reference no: EM133155962

TRUE or FALSE

1. Management reporting is a source of business intelligence that helps business leaders make more accurate, data-driven decisions.

2. The management report is a means of communicating essential information from low to high levels of management.

3. Management reporting consists of facts and significant data presented through written, oral and visual tools 

4. Management reporting provides an insight about the departmental weakness through financial and non-financial data of a specified period.

5. The balance sheet convert large data into a simplified form for comparison purposes.

6. Different types of financial ratios are used for further analysis and representation of data.

7. Comprehensive reports are easy to understand, analyze and visually attractive.

8. Tables are reports prepared in a tabular form, indicating the present and planned performance of different departments like sales, production, etc.

9. Reporting is all the more important in management as it has higher stakes and holds bigger, cross-disciplinary decisions. 

10. Solid reporting in management indeed improves productivity and decision-making, which fosters consistency as well as continual business growth.

IDENTIFICATION

1. Is the function of management that involves setting objectives and determining a course of action for achieving those objectives.

2. Is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.

3. Is said to be a process in which the managers instruct, guide and oversee the performance of the workers to achieve.

4. It is the mental process of choosing from a set of alternatives.

5. means the management of the organization is responsible for deciding predetermined standards and making sure that performance of the employees match with the standards set by the management

6. This form of reporting cannot be considered at the time of taking crucial decisions

7. Is more important in management as it has higher stakes and holds bigger, cross-disciplinary decisions

8. This refers to any managerial task that needs to be reported on and it is not expected to follow any legal format standards

9. This type of business report uses quantitative and qualitative data to analyze, evaluate, and filter into the performance of a company's strategies.

10. A management report that tracks the progress of a project or a goal in detail

Course: Management Reporting