ACCA MA · Chapter 1 · Question 2 of 10
Which of the following is NOT generally regarded as a quality of good management information?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) It includes every available detail, whatever the cost of producing it
Explanation
Good information is relevant, timely, accurate enough for its purpose and communicated to the right person. It should be complete enough for its purpose but not excessive, and the cost of producing it should not exceed the benefit it gives. Reporting every detail regardless of cost breaks both the 'cost-effective' and 'understandable' qualities.
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