Lauren Middleton

Chapter 2 Questions

  1. A) It is very important to have the date that the report was produced on it because having this information on the report would tell anyone using it when it was produced. Knowing when it was produced is very important because then you are able to see whether or not the information, which is on the report which you want to use is up to date or not.

B i) Up to date information will be essential to the manager because, he has had the report done, to see how the business is going. If the information given to him about the business is not up to date, then it is likely he is reading information, which is now actually untrue because things have changed since that information had been collected.

        - An example of this would be, if the manager of  a company wanted an annual report of how his company was doing, and he was given last years report, this would be no help to him because it was a year old, and he would think that no profits were made between this year and last.

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ii) The age of the data used in the report, to produce graphs is very important as well because if the data was from different dates and all mixed together to produce a graph. Then it is very likely that the graph is giving you false ideas or false information. All is needed is the information stating the dates at which each piece of information used was collected and produced.

- An example of this would be, a company’s profit, put into a graph to show the boss, but all of the highest profit months were fitted into the graph, ...

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