The correct answer is: E. All of the above
Management reports are a type of business communication that provides information to managers about the performance of their organization. They can be issued on demand, periodically, or on the occurrence of a specific event. The type of report that is issued will depend on the needs of the manager and the information that is required.
Low-level managers need information in the form of detailed reports so that they can make decisions about the day-to-day operations of their department. Middle managers use exception reports to identify areas that need attention, and summary reports to get an overview of the performance of their department. Top managers use summary reports to get an overview of the performance of the entire organization.
Here is a brief explanation of each option:
- A. low-level managers need information in the form of detailed reports
Low-level managers need information in the form of detailed reports so that they can make decisions about the day-to-day operations of their department. These reports should include information on sales, costs, inventory levels, and other key metrics.
- B. reports can be issued on demand, periodically, or on the occurrence of a specific event
Reports can be issued on demand, periodically, or on the occurrence of a specific event. On-demand reports are issued when a manager needs specific information. Periodic reports are issued on a regular schedule, such as monthly or quarterly. Event-based reports are issued when a specific event occurs, such as a product launch or a change in the law.
- C. middle managers use exception reports
Middle managers use exception reports to identify areas that need attention. Exception reports only include information that is outside of the normal range. This allows middle managers to focus on the areas that need their attention and to avoid spending time on areas that are performing well.
- D. middle managers use a summary reports
Middle managers use summary reports to get an overview of the performance of their department. Summary reports include information on sales, costs, inventory levels, and other key metrics. This information allows middle managers to track the performance of their department and to identify areas that need improvement.
- E. All of the above
All of the above are generally true about management reports.