Which of the following statements is FALSE about information used for decision making?
A) Precise but irrelevant information is worthless for decision making.
B) Imprecise but relevant information can be useful for decision making.
C) Relevant information must be reasonably accurate but not precisely so.
D) Relevant information must be totally accurate or it is useless.

Question

Quizplus · Accepted Answer

Relevant information does not always have to be totally accurate. Decision making involves weighing the available information and making the best decision based on the circumstances. Perfectly accurate information is often impossible to obtain, so decision makers can make use of information that is reasonably accurate but may have some degree of imprecision.

Which of the Following Statements Is FALSE About Information Used