Which statement 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

The statement "Relevant information must be totally accurate or it is useless" is false. While accuracy is important for decision making, it is rarely possible to have information that is completely accurate. In many cases, decision makers must work with incomplete or uncertain information, but they can still make use of this information if they assess its reliability and potential impact on the decision.

Which Statement Is FALSE About Information Used for Decision Making