COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select all the challenges of access to relevant information:
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It is sometimes too difficult to obtain information
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Too much information can be overwhelming
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Too much information can introduce inaccuracies
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None of the answers
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Explanation:
Detailed explanation-1: -Information overload can lead to “information anxiety", which is the gap between the information that is understood and the information that it is perceived must be understood. The phenomenon of information overload is connected to the field of information technology (IT).
Detailed explanation-2: -Data sharing challenges Many data owners have difficulties in agreeing to share data. They may see data sharing as too risky because of privacy and security challenges. They may be concerned about losing control of “their data” and it being used inappropriately or disclosed to other parties.
There is 1 question to complete.