Decision makers sometimes may need to sacrifice precision for timeliness because
A)receiving highly accurate information after the deadline has passed would enhance decision making for future periods.
B)the nature of many business decisions requires precision in managerial accounting reports.
C)receiving highly accurate information after the deadline has passed would be of no help.
D)the nature of many business decisions focuses on the past rather than the future.

Question

Quizplus · Accepted Answer

Receiving highly accurate information after a decision deadline has passed is not useful for the immediate decision at hand, emphasizing the need for timely over perfectly precise information to make timely decisions.

Decision Makers Sometimes May Need to Sacrifice Precision for Timeliness