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Which of the following is a true statement?

Answers:
A. Profitable decisions are always based on good information.
B. Good information may result in good decisions made by managers.
C. Good information can be processed into good data.
D. Bad decisions are always caused by bad data.
E. None of the above.

1 Answer

2 votes

Final answer:

The correct answer is B: Good information may result in good decisions made by managers. Good information is crucial for making informed choices, though it doesn't guarantee success; other statements are incorrect due to the complex nature of decision-making.

Step-by-step explanation:

The correct statement among the provided options is: B. Good information may result in good decisions made by managers. This statement is true because while good information doesn't guarantee a successful decision, it certainly enhances the likelihood of making an informed and potentially positive one. Good information serves as a valuable resource, assisting decision-makers in assessing various options and understanding potential outcomes before choosing a course of action.

Information Overload in the Information Age has shown that, although we rarely have all data we need to make perfect decisions, good information helps us in making better choices. Decisions in businesses and states alike are made with the hope of achieving the greatest net benefit, and good information plays a key role in that process.

However, it should be noted that good information does not transform into good data, as stated in option C, since data is raw and unprocessed, whereas information is processed, structured, or presented in a context to make it meaningful. Likewise, bad decisions are not always the result of bad data, as decision-making is a complex process influenced by various factors beyond just information quality.

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