P Bus 4B

Managing

____________________ information appropriately helps businesses focus on the important task of serving customers more effectively.

The finance function

plans and controls spending throughout the company, making sure that it stays within the budget.

Accounting records

provide managers with such important information as whether the business is earning a profit, what its sales revenues are, the amount of operating expenses, the cost of goods sold, return on investments, and the firm's net worth or total value.

An accounting system

provides a business with accurate financial information with which it can maintain control of its finances

Finance

Accounting is distinct from ________________ because its main focus is on record-keeping activities

Accurate and up-to-date.

Accounting records show the financial health of a business

technical skills

Although many managers don't perform the specific tasks, they need to understand the technical aspects of the business

information management

Appropriate _____________________ saves businesses time and money by maintaining higher levels of productivity.

identity

Managing information regarding copyrights and trademarks helps a company to preserve its ________________.

board of directors

Some businesses, such as corporations that sell stock to the public, are required to have a

new business projects

The finance function would definitely be involved in a decision regarding __________________ and strategies

organizing

is the management function of setting up the way the business's work will be done.