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Explain How a Manager Would Use Each of the Following

question 53

Essay

Explain how a manager would use each of the following: financial statement, balance sheet, income statement, and audit.


Definitions:

Compete

To strive against others for the purpose of achieving a goal, such as winning a market share or achieving a business objective.

Strategic

Pertaining to the identification, planning, and execution of actions designed to achieve long-term goals and objectives.

Purchasing

The process of obtaining goods or services, typically for business purposes, from an external source.

Make-Or-Buy Decision

The choice between producing a component or a service and purchasing it from an outside source.

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