Final answer:
Useful information must be relevant, accurate, and complete, but not necessarily precise. Precision refers to the exactness of the data, which is not always required for information to be considered useful.
Step-by-step explanation:
To answer the question, useful information must possess all of the following characteristics except precision. While relevance, accuracy, completeness, and timeliness are generally considered essential qualities of useful information, precision is not always necessary. For example, an executive summary may provide relevant and accurate information without going into the precise details that would be required for technical analysis.
When discussing information in a business context, precision refers to the exactness of the data, which may vary according to the level of detail required by the user. It is less about the characteristic of being correct, which relates to accuracy, and more about the granularity of the data. Thus, information can be very precise with exact figures and metrics, but if it is not relevant, accurate, or complete, it may still not be deemed useful.