In the Context of the Characteristics Determining the Quality of Information

question 43

Multiple Choice

In the context of the characteristics determining the quality of information indispensible for effective control,identify the correct statement.

• A) All data collected for control purposes are equally useful in managerial operations and decisions.
• B) Control actions can be based on inaccurate information when valid information is difficult to collect.
• C) For effective control, information must arrive on time to those who can take action and make any required changes.
• D) Effective control systems find accurate data useful even if they arrive very late.

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Definitions:

Unethical Practices

Behaviors or actions within a professional or organizational context that are morally wrong, either legally or according to the profession’s guidelines and principles.

Experiential Retail

A retail strategy that focuses on creating immersive shopping experiences for customers, often through interactive and sensory involvement within the store environment.

Retailer

A business or person that sells goods to consumers, acting as a final link in the distribution chain between manufacturers and end-users.

Atmospherics

Sensory-based stimuli within a retailer’s environment—the sights, sounds, smells, and other attributes—that project an image and draw customers to the store.