Owners and managers need financial information in order to
A) grant loans.
B) issue credit.
C) collect taxes.
D) make decisions.

Question

Quizplus · Accepted Answer

Owners and managers use financial information to make decisions. This can include decisions about budgeting, investing, pricing, and more. While financial information may also be relevant to granting loans, issuing credit, and collecting taxes, these are typically tasks handled by external entities (such as banks and government agencies) rather than the owners and managers of a business.

Owners and Managers Need Financial Information in Order to