Question

Which of the following statements about numerical information in business are correct?
1. Few business activities and goals are described as numerical data.
2. Business operating expenses, budgets, and customer behavior are expressed with
numbers.
3. Some management experts consider communicating with numbers to be a core
competency.
4. Most business executives and managers do not need to communicate with numbers.

Answer 1

Correct: 2 and 3.

- 2 is true: expenses, budgets, customer behavior, sales, KPIs, etc., are typically expressed numerically.
- 3 is true: many management experts view numeric communication/data literacy as a core competency.
- 1 is false: many business activities and goals are described quantitatively.
- 4 is false: most executives and managers regularly need to communicate using numbers.