Podcast
Questions and Answers
Information should be easily ______ by authorized users
Information should be easily ______ by authorized users
accessible
Accurate information is ______ free
Accurate information is ______ free
error
Complete information contains all the important ______
Complete information contains all the important ______
facts
Information should also be relatively ______ to produce
Information should also be relatively ______ to produce
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Flexible information can be used for a variety of ______
Flexible information can be used for a variety of ______
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Relevant information is important to the decision ______
Relevant information is important to the decision ______
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Reliable information can be trusted by ______
Reliable information can be trusted by ______
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Information showing that lumber prices might drop is probably not ______ to a computer chip manufacturer
Information showing that lumber prices might drop is probably not ______ to a computer chip manufacturer
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In many cases, the reliability of the information depends on the reliability of the ______-collection method
In many cases, the reliability of the information depends on the reliability of the ______-collection method
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Decision makers must always balance the value of information with the cost of ______ it
Decision makers must always balance the value of information with the cost of ______ it
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Study Notes
Information Qualities
- Information should be easily accessible by authorized users to ensure effective decision-making.
- Accurate information is error free, enhancing credibility and trust.
- Complete information contains all the important details, ensuring no critical aspect is overlooked.
- Information should also be relatively cost-effective to produce, optimizing resource use.
- Flexible information can be used for a variety of purposes, increasing its utility across different contexts.
- Relevant information is crucial to the decision-making process, aiding leaders in making informed choices.
- Reliable information can be trusted by stakeholders, providing a strong foundation for actions taken.
- Information indicating potential lumber price drops is likely irrelevant to a computer chip manufacturer, highlighting the need for context-specific data.
- The reliability of information often depends on the accuracy of the data-collection method employed, impacting overall validity.
- Decision makers must constantly weigh the value of information against the cost of obtaining it, ensuring efficient allocation of resources.
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Description
Test your knowledge on the characteristics of quality information, including accessibility, accuracy, completeness, relevancy, reliability, and security. Explore how these factors contribute to ensuring information quality in different contexts.
