Final answer:
In contemporary business management, information about various formal organizations and bureaucracies is important, with the advent of information technologies greatly influencing the structure and operation of these entities.
Step-by-step explanation:
The type of information recorded and reported in the management organizations of the contemporary business environment includes data related to various formal organizations such as sole proprietorships, partnerships, and corporations, as well as their associated bureaucracies. Formal organizations are essential for a functioning society, and they each have a structure that is or will likely become a bureaucracy. Bureaucracies, in this context, serve as an ideal type of formal organization, providing a general model with a collection of characteristics that describe most examples of the item under discussion. Furthermore, with the advent of new information technologies such as the Internet, Global Positioning System (GPS), and Geographic Information Systems (GIS), these organizations are rapidly transforming to adapt to the globalized digital era, affecting markets and the way businesses operate.