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Outputs needed by top-managers are
  • a)
    summary reports with good grouping
  • b)
    exception reports
  • c)
    detailed reports
  • d)
    expected reports 
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Outputs needed by top-managers area)summary reports with good grouping...
Outputs needed by top-managers:
- Summary reports with good grouping: Top managers require concise and organized reports that provide a summary of important information. These reports should be well-structured and present data in a way that is easy to understand and analyze.

- Exception reports: Top managers need to be informed about any deviations or exceptions from normal operations or expected outcomes. Exception reports highlight any issues or anomalies that require attention or action.

- Detailed reports: While summary reports are useful for providing an overview, top managers also require detailed reports that provide in-depth information. These reports should include specific data, analysis, and insights to support decision-making and strategic planning.

- Expected reports: Top managers often have specific information needs and expectations. They require reports that fulfill these expectations and provide the necessary insights to monitor performance, identify trends, and make informed decisions.

In summary, top managers require a combination of summary reports, exception reports, detailed reports, and expected reports to effectively manage their responsibilities and make informed decisions. These outputs should be tailored to their specific needs and provide the necessary information in a clear and concise manner.
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Most Upvoted Answer
Outputs needed by top-managers area)summary reports with good grouping...
Summary reports with good grouping are the most important outputs needed by top managers. These reports provide a concise overview of key information and allow managers to quickly understand the current state of the organization.

Summary reports are typically presented in a visual format, such as charts or graphs, which makes it easy for managers to interpret the data. The reports should be well-organized and include clear headings and subheadings to group related information together. This allows managers to quickly find the information they need and make informed decisions.

The grouping of information in summary reports is crucial because it allows managers to identify patterns or trends that may not be immediately obvious when looking at individual data points. For example, a summary report may group sales data by region or product category, allowing managers to identify which regions or products are performing well and which ones need improvement.

In addition to summary reports, top managers also need exception reports. These reports highlight any deviations or anomalies from the norm. Exception reports are useful for identifying areas of concern or areas that require further investigation. For example, an exception report may highlight unusually high or low sales figures for a particular product, prompting managers to investigate the cause of the anomaly.

Detailed reports are also important for top managers as they provide more in-depth information about specific areas of the organization. These reports may include detailed financial statements, sales reports by customer, or operational reports. Detailed reports are typically used by managers who need to delve deeper into a particular area or problem in order to make informed decisions.

Finally, top managers also need expected reports. These reports provide projections or forecasts based on historical data and trends. Expected reports are useful for planning and setting goals for the future. For example, an expected report may project sales figures for the next quarter based on historical sales data and market trends.

In conclusion, while all the options listed are important for top managers, summary reports with good grouping are the most crucial. These reports provide a concise overview of key information and allow managers to quickly understand the current state of the organization. Exception reports, detailed reports, and expected reports are also important, but they provide more specific and detailed information that can be used for further analysis and decision-making.
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