LO2 2.3 - quality of information

Question 1

Importance of good quality information to stakeholders

Answer 1

-can transform the way business works
-aids decision making
-helps innovation
-helps to mitigate business risks

Question 2

Consequences of using poor quality

Answer 2

-misinformation
-loss of reputation
-loss of finance
-create biased decisions due to inaccurate information
bad decisions