Can the characteristics of useful information listed in Table 1-1 be met simultaneously? Or does achieving one mean sacrificinganother?

Transcribed Image Text:

TABLE 1-1 Characteristics of Useful Information Relevant Reduces uncertainty, improves decision making, or confirms or corrects rior expectations Free from error or bias; accurately represents organization events or Reliable Complete Timely Understandable Verifiable activities Does not omit important aspects of the events or activities it measures Provided in time for decision makers to make decisions. Presented in a useful and intelligible format. Two independent, knowledgeable people produce the same information Available to users when they need it and in a format they can use. Accessible