Generally, the benefits obtained from improved information are easier to measure than the costs of obtaining those benefits.

Question

Quizplus · Accepted Answer

The costs of obtaining improved information can be difficult to quantify, particularly if they involve investments in research and development or upgrades to technology and infrastructure. On the other hand, the benefits of improved information can often be directly observed and measured, such as increased productivity, improved decision-making, and reduced errors or inefficiencies. However, it is important to consider both the costs and benefits when evaluating the value of information.

Generally, the Benefits Obtained from Improved Information Are Easier to Measure