In evaluating the relevance of specific information, the decision maker must know
A)all relevant and irrelevant information.
B)the context of the decision.
C)if unavoidable costs are incurred.
D)all material information.

Question

Quizplus · Accepted Answer

In order to determine the relevance of specific information, the decision maker must understand the context of the decision being made. Without context, information may seem irrelevant, but when viewed within the larger picture, it may be crucial to making an informed decision. Knowing all relevant and irrelevant information or all material information may not necessarily help the decision maker determine relevance without context. The idea of unavoidable costs being incurred is not necessarily relevant to determining the relevance of specific information, although it may be a factor in the decision making process.

In Evaluating the Relevance of Specific Information, the Decision Maker