2.3 quality of information Flashcards
1
Q
The importance of good information
A
good information has value and is relevant to the purpose it is being used for. it must be up to date, reliable, free of bias, comparable and complete.
2
Q
characteristics of information
A
can transform the way a business works
aids decision making
helps innovation
helps to mitigate business risks
3
Q
consequences of poor quality information
A
misinformation
loss of reputation
loss of finance
lack of response to potential risks to businesses
4
Q
A
