COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Relevant
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Complete
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Reliable
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Consistency
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Detailed explanation-1: -Solution(By Examveda Team) Interchangeability is not a characteristic of good information. Interchangeability can refer to: Interchangeable parts, the ability to select components for assembly at random and fit them together within proper tolerances.
Detailed explanation-2: -Accuracy: Data gathered by the system should be error free. Completeness: The software should be designed to gather as much data as required. Relevance: Data gathered should fulfill specific need. Accessibility: The software should allow the correct user to retrieve the data when required.
Detailed explanation-3: -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.