Which of the following statements is true regarding the characteristics of good information?
A) Information needs to be more than just barely sufficient for the purpose for which it is generated.
B) Information must hold an appropriate relationship between its cost and its value.
C) Accurate information can be based on incomplete data.
D) Good information is just recorded facts and figures.

Question

Quizplus · Accepted Answer

Good information should have a balance between its cost and the value it provides, ensuring that the benefits of using the information outweigh the costs of obtaining it.

Which of the Following Statements Is True Regarding the Characteristics