ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these is not a characteristic of good information?
A
Targeted
B
Complete
C
Up to Date
D
Dynamic
Explanation: 

Detailed explanation-1: -Interchangeability is not a characteristic of good information.

Detailed explanation-2: -Hence, it could be concluded that ‘Leading’ is not characteristic of a good question.

Detailed explanation-3: -Good information is that which is used and which creates value. Experience and research shows that good information has numerous qualities. Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person.

Detailed explanation-4: -2. Which one of the following is not a prerequisite for a good MIS? Explanation: Support from Staff is not a prerequisite for a good MIS.

There is 1 question to complete.