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The following statements relate to management information:
The following statements relate to management information:
1)It should always be provided regardless of its cost
2)It is data that has been processed in such a way as to be meaningful to the person who receives it
3)It should not be provided until it is as detailed and accurate as possibleWhich of the above statements is/are true of good management information?
The answer is number 2
My answer is number 2 and 3Why is number 3 wrong
I thought accuracy is something needed for good information
The question didn’t say the word necesssary either so i thought accuracy also then defintely must be the answerWe do want information to be as accurate as possible, but do not need it to be as detailed as possible – just the level of detail that management need.
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