Please answer each question separately with 200 words or more

1. Looking at statistical charts and various financial statements you wonder how important is it for management to understand what they are saying? Do they just leave it up to the accounting department to create and explain these documents? Or should the successful business person be able to cut through all the numbers and get to the essence? It is surprising how many people just accept the numbers presented to them. Simply because they don't understand what they mean. Quantitative reasoning for business! Discuss.....

2. Business people always need the knowledge provided by professionals like lawyers, accountants or some employee with this kind of knowledge. It's inevitable! The key is to have some kind of idea what the professional or employee is saying. You are better off not trusting them completely! It gets down to numbers so often. You need to understand this so you have a better feel for what's going on around you. Maybe we can learn something in this class that will help! Discuss...

3. People in business that work with numbers such as accountants are comfortable in their element. It's amazing how many people are not comfortable looking at a sheet of numbers or statistics that supposedly tell them what their business is doing or what their industry is doing. A lot of people just operate by feel. What feels right is what they do. And you certainly can not discount this ability because it has been proven successful time and time again. Maybe a combination of talents are required? And we can forget about this 50%, 30% and 20% stuff and predict where the company is going on feel alone! Discuss.....