Question

Select all that apply. What are the traits of high-quality information shared when a firm is showing transparency? (Choose every correct answer.)

a) Accuracy
b) Timeliness
c) Ambiguity
d) Clarity

Answer 1

High-quality information traits related to firm transparency include accuracy, timeliness, and clarity, facilitating informed decision-making and truthful communication.

Step-by-step explanation:

The traits of high-quality information shared when a firm is showing transparency are:

• Accuracy: Ensuring that all shared information is correct and reliable.
• Timeliness: Providing information in a timely manner, enabling stakeholders to make informed decisions based on the most current data.
• Clarity: Communicating information in a clear, understandable manner to avoid misunderstandings and convey a clear message.

Ambiguity is not a trait of high-quality information and does not promote transparency. Transparency within a firm involves open and honest communication which precludes ambiguity.