Explain How Data Are Used by Accountants, Economists, and Operations

question 24

Essay

Explain how data are used by accountants, economists, and operations managers.

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Definitions:

Agreed Meaning

Shared understanding among individuals or groups about the interpretation of a term or concept.

Ratio Analysis

In Burke’s dramatistic analysis, this means examining the relative significance of each pentad unit (act, scene, agent, agency, purpose) in any situation.

Pentad Unit

A group or collection of five units, often used in the study of linguistics or qualitative research as a structural component.

Structure and Properties

The organization and intrinsic attributes of something that determine its behavior under various conditions.