Ch. 1 Characteristics of Useful Info Flashcards
A report was carefully designed so that its data was easily comprehended by the reader
Understandable
A manager working on the weekend needed information about a customer’s production requests and found it on the company’s network
Available
Before production reports are accepted, two clerks working independently must produce the same information
Verifiable
An accounts receivable aging report included all customer accounts
Complete
A report was checked by three different people to make sure it was correct
Accurate
An accounts receivable aging report is used in creditgranting decisions
Relevant
An accounts receivable aging report was received before the credit manager had to decide whether to extend credit to a customer
Timely
Needing help with a decision, a manager sought the opinion of a highly regarded expert
Reputable
To protect intellectual property, a company encrypted the data, stored it in a very secure facility, and limited its use to five people
Access Restricted
Tired of keying supplier prices into a database, a purchasing manager insisted the data be sent in machine readable form
Useable
After a lengthy, rambling presentation, a CEO insisted future presentations contain only pertinent facts and last no more than 30 minutes
Concise
A new manager insisted that monthly reports look the same so she could compare a new month’s results to previous months
Consistent
After making a decision based on outdated data, a new CFO required all analysis to be conducted with up-to-date data
Current
Reluctant to rely on his personal feelings about a decision, a manager sought the opinion of an outside expert
Objective
