Explain Why It Is Important for a Manager to Know

question 111

Essay

Explain why it is important for a manager to know how computers work.

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Definitions:

External Funding

Financial support that comes from outside an organization, including loans, grants, investments, and other forms of financing.

Forecasted Growth

The expected rate at which a company, sector, or the economy as a whole is anticipated to grow over a specific period.

Retained Earnings

The portion of net income that is retained by a corporation rather than distributed to its shareholders as dividends.

Indirect Planning

The process of setting broader goals and strategies that indirectly guide actions and decisions without specific, detailed plans.