Tag: Topic 2

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

Select ONE answer:

1. Detailed
2. Immediate
3. User-targeted
4. Profuse

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 3

1. Not correct
2. Not correct
3. 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.
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

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

Select ONE answer:

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

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 2

1. Not correct
2. 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.
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Which of the following characteristics relates to strategic information as opposed to operational information?

Select ONE answer:

1. Often based on estimates
2. Often very detailed
3. Mostly very accurate
4. Usually routine

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 1

1. Correct == > Strategic information is used by an organisation’s senior management to plan its long-term future. Therefore, much use is made of estimates about future sales, costs etc. Because strategic planning is undertaken at a level removed from day-to-operations the information is not likely to be very detailed.
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.