【正文】
Chapter3 Basic accounting terminology 一、 Introduction 1. Managers need to have a basic understanding of finance and accounting to make full use of financial information. (page 6566) 2. Almost all reasons for business failure involve finance. ( page 66 ) 3. Accounting is requested to keep up with changing condition and demands of business. 4. Basic accounting information and knowledge must be mastered to make decisions. 二、 Management by objective ( MBO ) (目標管理) Managers’s objectives must match with authority Management buyout (MBO) ( 管理層收購 ) 四、 Management by exception( MBE) Areas that exhibit major variations to budgets are paid much mo