Which of the following combinations describe the purposes of management information?
Which of the following statements is/are true?
(1) Enterprise Resource Planning (ERP) systems use complex computer systems, usually comprehensive databases, to provide plans for every aspect of the business.
(2) Enterprise Resource Planning (ERP) systems are accounting oriented information systems which aid in identifying and planning the enterprise wide resources needed to resource, make, account for and deliver customer orders.
Run-Smart Co manufactures sports clothing for professional athletes. Products are designed to prevent injury and aid the post-exercise recovery process. The company regularly seeks feedback from athletes regarding the effectiveness of products and recommendations to take forward.
Required
Explain which kind of marketing system the organisation has.
What can strategic management accounting provide information or guidance about to a business?
The following statements have been made about planning and control as described in the three tiers of Robert Anthony’ s decision-making hierarchy:
(1) Strategic planning is concerned with making decisions about the efficient and effective use of existing resources.
(2) Operational control is about ensuring that specific tasks are carried out efficiently and effectively.
Which of the above statements is/are true?
Long-term sales forecasts are an example of accounting information used at which level of control in an organisation?