In a study done in 2004 by Palmer and colleagues, they found that in addition to accounting and financial knowledge being some skills that are important for accountants to have, they also found which of the following to be as important to have?
When asked to give one major reason why an operations budget is prepared for a hotel, 45% of the respondents in the study selected the option that stated "it is used as a standard by which the lodging operation is managed".
As is the same with all other managerial roles, the controller must have many skills, which are used daily. As such, the controller is responsible for partaking in many roles. Which of the following was not a role listed in the article?
It is essential that the purchasing manager develop close working relationships with key managers within the hotel. According to the article, these relationships should build and demonstrate ___________.
According to the article, data-mining technology extracts meaningful patterns and builds predictive customer-behavior models from stored information, in order to aid managers in the decision making process.
By itself, data-mining is not able to capture all the information relating to what drives consumer behavior. As a result, data-mining technology should be used in conjunction with other forecasting and research techniques.
Although data mining has been shown to be extremely beneficial is conducted properly, that are limitations of data-mining technology. Which of the following was not one of the limitations listed by the authors?