If perfectly accurate and relevant information is not available for decision making,the accountant should consider using information that is ________.
A) precise but irrelevant
B) imprecise but irrelevant
C) imprecise but relevant
D) imprecise but timely

Question

Quizplus · Accepted Answer

Precise information may not always be available or necessary for decision making. However, relevance is critical in ensuring that the available information is significant to the decision at hand. Therefore, it is essential to take into account any imprecise but relevant information that can aid in the decision-making process.

If Perfectly Accurate and Relevant Information Is Not Available for Decision