Unit 2 - LO2 Understand the Styles, Classification and the Management of Global Information Flashcards

2.3 Quality of information

1
Q

Information characteristics

A
. Accuracy
. Up-to-date
. Reliability
. Comparability
. Completeness
. Relevancy
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2
Q

Importance of good information

A

. It can transform how a business works
. Aids decision making
. Loss of finance
. Lack of response to potential risks to business

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3
Q

Consequences of poor information

A

. Misinformation
. Loss of reputation
. Loss of finance
. Lack of response to potential risks of business

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