Test I. TRUE or FALSE Instruction: In the statements below, write TRUE if it is correct or FALSE if the statement is incorrect. _1. Management reporting is a source of business intelligence that helps...

Extracted text: Test I. TRUE or FALSE Instruction: In the statements below, write TRUE if it is correct or FALSE if the statement is incorrect. _1. Management reporting is a source of business intelligence that helps business leaders make more accurate, data-driven decisions. 2. The management report is a means of communicating essential information from low to high levels of management. _3. Management reporting consists of facts and significant data presented through written, oral and visual tools 4. Management reporting provides an insight about the departmental weakness through financial and non- financial data of a specified period. 5. The balance sheet convert large data into a simplified form for comparison purposes. _6. Different types of financial ratios are used for further analysis and representation of data. _7. Comprehensive reports are easy to understand, analyze and visually attractive. _8. Tables are reports prepared in a tabular form, indicating the present and planned performance of different departments like sales, production, etc. _9. Reporting is all the more important in management as it has higher stakes and holds bigger, cross- disciplinary decisions. 10. Solid reporting in management indeed improves productivity and decision-making, which fosters consistency as well as continual business growth.