In order for information to be useful in decision making, the information must demonstrate relevance and faithful representation.

Question

Quizplus · Accepted Answer

For information to be useful in decision making, it must be relevant, meaning it can influence the decisions of users by helping them evaluate past, present, or future events or confirming or correcting their past evaluations. It also must have faithful representation, meaning the information accurately reflects the real-world economic events it purports to represent.

In Order for Information to Be Useful in Decision Making