Which Statement Is FALSE About Information Used for Decision Making

question 126

Multiple Choice

Which statement is FALSE about information used for decision making?

• A)Precise but irrelevant information is worthless for decision making.
• B)Imprecise but relevant information can be useful for decision making.
• C)Relevant information must be reasonably accurate but not precisely so.
• D)Relevant information must be totally accurate or it is useless.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit, recognized as an asset on the balance sheet.

List Price

The manufacturer's suggested retail price (MSRP) or the price at which a product is intended to be sold before any discounts or promotions.

Additional Expenses

Costs incurred by a business that are not directly related to its primary operations, such as unusual or unforeseen expenditures.

Selling Model

A strategy or framework used to direct how a product or service is sold to consumers.