Day: December 17, 2024

Which of the following characteristics relates to strategic information as opposed to operational information?

Select ONE answer:

1. Often based on estimates
2. Often very detailed
3. Mostly very accurate
4. Usually routine

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct == > Strategic information is used by an organisation’s senior management to plan its long-term future. Therefore, much use is made of estimates about future sales, costs etc. Because strategic planning is undertaken at a level removed from day-to-operations the information is not likely to be very detailed.
2. Not correct
3. Not correct
4. Not correct

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