Accounting Multiple Choice Question – 20 December 2024

Which ONE of the following are essential qualities of good information?

Select ONE answer:

1. Detailed
2. Immediate
3. Profuse
4. Complete

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct == > This is based on the ACCURATE model of good information. Information does not need to be DETAILED – in fact, too much detail could detract from it by undermining its ease of use. Nor does it have to be IMMEDIATE – it only needs to be available when it is required (timely). And PROFUSE implies lots of information and this can obscure the important information which could undermine both relevance and ease of use.

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