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ACCA Applied Skills · Performance Management · Uses and control of information

Which of the following is a characteristic of good information as commonly set out for management use?

Good information should be accurate enough for its purpose and available when needed. Information must be relevant and cost-effective, so maximum detail, distribution to every manager and real-time production in all cases are not general requirements.

  1. AIt should always be as detailed as possible, whatever the decision
  2. BIt should be sufficiently accurate for its purpose and available when it is neededCorrect
  3. CIt should be provided to all managers regardless of their responsibilities
  4. DIt should be produced in real time in every case

Explanation

Good information is accurate enough for its purpose, timely, relevant, complete enough, understandable and cost-effective. Maximum detail, universal distribution and always-real-time delivery all ignore relevance and cost-benefit, so they are not characteristics of good information.

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