What do the four primary financial ratios measure? Why is ratio analysis used by managers?
Answer to relevant QuestionsWhat is a management role? Do all managers perform the same roles? Why or why not? What is a standard cost center? A revenue center? A discretionary expense center? A profit center? An investment center? How do all five centers enter into the budget process? What is the role of operations control in achieving quality and productivity? What are two concerns faced when attempting to staff international affiliates? Why is it important for a manager to understand his or her organization?
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