Answer to Question #77519 in Accounting for Brodie

Question

The general manager has asked you to provide a series of questions on key issues that could help guide their decision-making on purchasing an accounting information system.

Prepare a list of 20 questions that the general manager could use..

Answer 1

The process by which businesses make decisions is as complex as the processes which characterize consumer decision-making. Business draws upon microeconomic data to make a variety of critical choices – any one of which could mean the success or failure of their enterprise. The reliability and currency of the information a business uses, therefore, is of the utmost importance.
What a business does with that data is decided by senior and top management. The major influences on their decisions may entail all or some of the following factors:
- Logic
- What the competition is doing
- The state of the economy
- A variety of other variable and unknown factors
Source: https://www.investopedia.com/university/microeconomics/microeconomics4.asp#ixzz5GOePey8B