Question: 2 . 1 Managers require relevant information to make decisions. Discuss the three main steps involved in preparing this information ( 3 Marks ) 2

2.1 Managers require relevant information to make decisions.
Discuss the three main steps involved in preparing this information (3 Marks)
2.2 Explain any three reasons managers utilise models in their decision-making processes. (4 Marks)
2.3 Explain four measures for data spread. (4 Marks)
2.4 Briefly describe the purpose of an index and explain why indices are typically set with a base value of 100.(2 Marks)
2.5 Identify and explain the last two stages in the problem-solving process. (2 Marks)

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