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i) Relevance
ii) Availability
iii) Timeliness
iv) Accuracy
A. Only i, ii, and iii
B. Only ii, iii and iv
C. Only i, iii and iv
D. All i, ii, iii, and iv
Answer & Solution
Option: D
Explanation :Information : Information is the product of data processing. Information is interrelated data. Information is equivalent to finished goods produced after processing the raw material.
Characteristics of Information :Following are the essential characteristic features :
i) Timeliness : Timeliness means that information must reach the recipients within the prescribed timeframes.
ii) Accuracy : Information should be accurate. It means that information should be free from mistakes, errors &, clear.
iii) Relevance : Information is said to be relevant if it answers especially for the recipient what, why, where, when, who and why? In other words, the MIS should serve reports to managers which is useful and the information helps them to make decisions.
iv) Adequacy : Adequacy means information must be sufficient in quantity, i.e. MIS must provide reports containing information which is required in the deciding processes of decision-making.
v) Completeness : The information which is given to a manager must be complete and should meet all his needs.
vi) Explicitness : A report is said to be of good quality if it does not require further analysis by the recipients for decision making.
vii) Impartiality : Impartial information contains no bias and has been collected without any distorted view of the situation.
Explanation :Information : Information is the product of data processing. Information is interrelated data. Information is equivalent to finished goods produced after processing the raw material.
Characteristics of Information :Following are the essential characteristic features :
i) Timeliness : Timeliness means that information must reach the recipients within the prescribed timeframes.
ii) Accuracy : Information should be accurate. It means that information should be free from mistakes, errors &, clear.
iii) Relevance : Information is said to be relevant if it answers especially for the recipient what, why, where, when, who and why? In other words, the MIS should serve reports to managers which is useful and the information helps them to make decisions.
iv) Adequacy : Adequacy means information must be sufficient in quantity, i.e. MIS must provide reports containing information which is required in the deciding processes of decision-making.
v) Completeness : The information which is given to a manager must be complete and should meet all his needs.
vi) Explicitness : A report is said to be of good quality if it does not require further analysis by the recipients for decision making.
vii) Impartiality : Impartial information contains no bias and has been collected without any distorted view of the situation.
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