Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

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Answer 1

Question

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.

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Question based on Accounting Information System subject . 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information.2. What is the relationship among data, information and an information system?3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)4. What are the characteristics of good or useful information?5. What are the levels of data hierarchy ?6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.

Given below question on accounting information system subject. Answer required based on your own understanding with examples 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information. 2. What is the relationship among data, information and an information system? 3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS) 4. What are the characteristics of good or useful information? 5. What are the levels of data hierarchy ? 6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.

explain three forms of business organization

Answer 2

Question

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.

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Answer 3

Question

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.

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Answer 4

Question

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.

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Answer 5

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.

Answer 6

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.

Answer 7

Chapter 1, Problem 1RQ

To determine

Explain the four levels of activity in the pyramid representing the business organization and difference between horizontal and vertical flows of information.

Answer 8

Expert Solution & Answer

Explanation of Solution

Business:

Business can be defined as a work that includes exchange or production of goods and services against a consideration called as money. The basic assumption for running a business is going concern.

The four levels of activity in the pyramid representing the business organization are as follows:

Business operation: The lowermost level of activity in the pyramid is business operation. This level consist day-to-day oriented business operations of the organization.
Operation management: This level manages the day-to-day oriented business operations. Operation management also performs the controlling function over day-to-day oriented business operations.
Middle management: Middle management is responsible for short-term planning. This level of management is engaged in coordinating all activities required for accomplishing business goals.
Top management: Top management is responsible for long-term planning. Goals and objectives of business are also set up by the top management.

Horizontal flow of information maintains operation level tasks. The information contains all the details regarding daily operations and flows across all the departments.

Vertical flow of information can go downward when top management specifies goal, strategy and goals to lower manager. Vertical flow of information can also go upward when operating staff delivers a summarized report to its senior manager. This report includes daily operation activities.