Question

Even the most effective decision-makers in an organisation will not be able to add any value if

the information needed to make such decisions is supplied after the decision has already been
made, or if the reports needed to make decision are full of errors. Simply put, decision-makers
in an organisation need valuable information at the right time and from the right source to be
able to make the right decisions all the time.
Which one of the following term is NOT a characteristic of valuable information?
O timely
O relevant
O economical
O comparable

Answer 1

The term NOT characteristic of valuable information is 'economical,' as the other options 'timely,' 'relevant,' and 'comparable' are essential for quality decision-making. 'Economical' relates to the cost of obtaining information rather than its intrinsic value.

Step-by-step explanation:

The characteristic that is NOT a trait of valuable information is economical. Valuable information must indeed be timely, relevant, and comparable to assist in effective decision-making within an organization. Timeliness ensures that information is available when it is needed to make a decision, relevance ensures the information is appropriate to the decision being made, and comparability allows for the information to be used in relation to other data.

However, being economical is not a characteristic of the information itself, but rather a principle guiding its acquisition. In the context of economics, decisions are often made based on scarcity and the optimal use of resources, which is why information must be accurate and delivered in time, allowing for the most effective allocation of these scarce resources.