PART 3

Question 1

Management Function, Level, and Decision Type

Answer 1

● Top Management- Strategic Planning
● Middle Management- Tactical Planning
● Operations Management- Operational Control
● Operations

Question 2

reflects how well the decision maker understands the problem.

Answer 2

Problem Structure

Question 3

Elements of problem structure:

Answer 3

● -data
● -procedures
● -objectives

Question 4

Report objectives -

Answer 4

reports must have value or information content

Question 5

Management Reports
They should…

Answer 5

● Reduce the level of uncertainty associated with a problem facing the decision maker
● Influence the behavior of the decision maker in a positive way

Question 6

Types of Management Reports

Answer 6

Programmed reports
Ad hoc reports

Question 7

Provide information to solve problems that users have anticipated.

Answer 7

Programmed reports

Question 8

reports designed and created on an “as needed” basis as situations arise that require new information needs.

Answer 8

Ad hoc reports

Question 9

2 subclasses of Programmed Reports:

Answer 9

Scheduled
On demand

Question 10

triggered by events not by passage of times.

Answer 10

On demand

Question 11

according to established time frame

Answer 11

Scheduled

Question 12

Implies that every economic event that affects the organization is the responsibility of and can be traced to an individual manager.

Answer 12

Responsibility Accounting

Question 13

Incorporates the fundamental principle that responsibility-area managers are accountable for items that they control.

Answer 13

Responsibility Accounting