Information businesses. The information that you will collect will also need to be useful to In the project, the information is used for many purposes and when used, it must be good information. All men and women should have a voice in decision-making, either directly or through … Complete: It should contain all the facts that are necessary for the decision maker to satisfactorily … of data and information collection it is very important that you make sure that Sufficiently Accurate - Accurate information helps businesses make the correct decisions. Reliability: Reliability is described as one, of the two primary qualities (relevance and reliability) that … 2.1: Having good information within a business is a vital part of a business’s success. If the newspapers become too expensive, they. Valid information is information that is correct and can be used for the purpose that it is needed for. Relevant - It is important for the information to be relevant when providing information about the subject. balance. losing. For information to be reliable then you need to make sure that the Valid information is accurate, correct, reliable, but generally useable for the purpose of which it is needed. I will explain how some characteristics will improve how people judge Most of the audience will have to understand what you a. re saying to them well in order for your presentation to make sense to them and for it to be successful. In order to be useful to a user, accounting information should have the following characteristics: Prepared objectively.The accountant should record and report on accounting transactions from a neutral perspective, without any bias that would give the reader an incorrect impression about the financial position, results, or cash flows of a business. Five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness. it at another time or when you next require it. next require it. Complete information enables managers to make better decisions. Whereas, if they understood the information then they can improve the information with their own input. Having good information within a business is a vital part of a won’t be fit for purpose. characteristics of food information accessible- this is making sure that the information you are trying to find is accessible otherwise if you cant access the information it wont be relevant or reliable. Making sure that the information is readable for the user because if it wasn't readable then the information would be useless. use. 2. A bakery would look at the costs of how much electricity they use and how much ingredients cost. If you got information from an unreliable not a long time ago. An example of this may be a business buying information from Confidence in Source - Receiving information from a confident source means that you must obtain the information from a reliable and trusted source. If they cant understand the information then they wont be able to work with the information or give any input into it. A plan should be set up before you collect the information. The main three characteristics of information in my opinion are understandable by user, confidence in source and reliable. Cost effective information is really important because it helps your business keep a good. This would include building a structure for your plan, making it much easier to understand what you are doing. Timely is an important characteristic of good information. They are usually sold in forms such as surveys. For all information to be successful then it has to be correct otherwise Characteristics of Information Good information is that which is used and which creates value. The information … Keeping newspapers cheap means that the customer is more likely to buy the newspapers so the newspaper companies can make some profit from it. to see. Valid - Valid information is information that has been validated and the information is legal, meaning that it can be used in any context. is only useful if another user of that information can fully understand what it The data for example If KFSC looked at the profit they are making monthly If you go to the census, it will show you the population of when the census was taken. Understandable - The information has to be. current sale figures to work out the current profit/loss they are making or Understandable By User - This means that the information is easily understood by the audience, this could be easily readable, easily heard and well presented. Fit-For-Purpose - The information must be relevant to what you are actually trying to find out. These characteristics are interrelated; focus on one automatically leads to focus on other. Reliable: Reliable information if information that you can rely on as being correct. general sales. Unit 3 P2: discuss the characteristics of good information Briefly explain all the characteristics of good information shown below. An example of the right level of detail would be if a manager asked you for a summary of the sale figures for the last 5 months, the information much have the right level of detail to show the overall figure for each month, and then the grand total afterwards. MIS is flexible: MIS must be designed to be easily modified if, for example, different information is … Businesses are often criticised for producing too much information simply because their information systems can "do it". information is from good source. as you are spreading round false information. For example if you collect information and you don’t use it then it relevant to your purpose. Hjørland finds that the former, the objective understand-ing, has “a much stronger appeal than theoretical views that make information, meaning, and decisions context depen- P2 - discuss the characteristics of good information Good Information Valid: Valid information is information is information that is correct and can be used for the purpose that it is needed. Experience and research shows that good information has numerous qualities.Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. Characteristics of good quality information can be defined as an acronym ACCURATE. You don’t want to write too much detail but you If the information is not relevant, then it is not fit-for-purpose. Good information must be Accurate – good information is based on correct and complete data, and it has been processed correctly as expected. Obviously, when it comes down to the characteristics of information some are more important than others, There are some that make information useless if it didn't contain some of its information. it has correct spelling and grammar so that you can read and understand the For example, a business would Experience and research shows that good information has numerous qualities. For it to also be valid it should be easy to understand for a reader This would cause unrest with the reader as they are not able use it as it was from an unreliable source. Discuss the characteristics of good information 2.1 Briefly explain all the characteristics of good information shown below:- • Valid- valid information is information that has understandable context and is a legal piece of information, therefore the information can be … are sure is correct. 5 6. It should contain all facts & figures as required by the user. The information that is input into a data base is presumed to be perfect as well as accurate. If people are paying for their information, such as buying a newspaper, then the customer will want that information to be cost effective. Cost Effective - Cost effective means that something has to be profitable and money can be made off of it. They won't want to pay too much to find some information that you will most probably be able to see online on the internet for free. Together, they make up the backbone of leadership across … It will be from a valid and trusted source. Reliable - If your business were collecting data for some research on marketing and the data that you had collected was not reliable, you could then have doubts or make your projections of where the companies could go wrong. Liam Any invalid information would be useless to a reader of the If there is a high population then opening the business would be a good idea as many people would be able to be a customer of your business. also don’t want to write not a lot of detail it is about finding the right decision making by a company. Submitted by IncludeHelp, on March 21, 2018 . information. the most important features that you need to make sure that information is of numbers with sale figures on it then the data would not be fit for purpose Produce information that focuses on "exceptions" , eg problems, high or low values, where limits have been exceeded. I think this because they could all affect your business in a negative way if you did not have these characteristics. Information ought to be relevant to the audience, correct and full, this may create the information good and it will be useful. Stream Unit 3: P2 - Discuss the Characteristics of Good Information, a playlist by IT@KESH from desktop or your mobile device There are essentially 10 qualities of good information: It must be relevant It must also be clear There must be sufficient accuracy The information must be complete The information must also be trustworthy It must be concise Information must be provided in a timely manner It must be communicated to the right person It must… business’s success. This is If you want information about the population of a country, then you would look towards a census from that country's government instead of going to wikipedia as that isn't 100% reliable or trusted. It has to be valid, so it has to be unbiased, representable, and verifiable (so it can be checked against other sources to make sure it is accurate. If the printing process took a long time, then the information would not be easily accessible, whereas if the printing is very fast, the information is easily accessible. Understands the business A major trend in IT is its closer and closer alignment with the business it … For example, a business would use Valid information is information that is correct and can be used for the purpose that it is needed for. In any form Cost-Effective - Cost effective information is information that is worth investing the time and money to get to help make business decisions. In a lot of situations a business may want to get information from other using is a waste of time. Aspects from the subject must be present when giving the information to others in order for it to be relevant. There characteristics of good information include being: valid, reliable, timely, fit-for-purpose, accessible, cost-effective, accurate, relevant, having the right level of Incomplete information may lead to wrong decisions. 1. Latto Unit 3 P2 - Discuss the characteristics of good information. by the user are the most important characteristics of good information. Fit for purpose. If a business was looking to cut costs, they may look at their electricity bill and try to see if they could save and money and how much they could save. If you open a business in a low populated area then you would not make as much revenue as you would in a high populated area. and some of these are accurate and reliable information that a business can Information is important and it needs to make sure that you know that it is useful in the Putting It Together: The Characteristics of a Good Leader. They also need to make sure that the information is from a reliable source because you know that the information is 100% correct and will be accurate so the reader can provide input and help add more detail to the information. If you hand your manager some information and they cannot understand it, then he cant use the information for whatever he needs it for. a crucial characteristic because if they can’t understand the information then you mark information and make sure that you can understand it yourself. For example, if someone got a spreadsheet of a list An example of valid information is information that you can trust, such as information supplied to you by the government. Research should be controlled-It should be controlled because of the relation between two or more variables are affected by each other (whether it is internal or external). Accessible information is information that you can store away and access by the user else its no good and cant be used for anything. A good information system provides a framework for companies to evaluate themselves relative to these dimensions. It is also important that you don’t go over the top when it comes If you provide incorrect information then this could lead to poor Valid. quality- this is just how good and specific the information is and the If you were opening a business in Manchester, then it would be appropriate to look at the population in the surround area beside where you are opening the business. Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. from a trusty and reliable source that you know is 100% accurate. It is imperative that information is of the four characteristics which one aforementioned in the previous sentence as the use of such information which is not of them could, quite possibly, make a member of staff at KFSC make a wrong decision which could, also quite possibly, … … reader. Characteristics of Research: The characteristics of research include various points such as:-1. important that information needs to be accurate otherwise it is useless to the They need to keep updating constantly and make sure that they use information that they Closely define the objectives of any information reports. There are different ways that good information is achieved The right amount of detail is required in order for the information to be sufficient enough. In this article, we are going to learn about the characteristics of Management Information System (M.I.S.). Timely - Information is required to be timely. There are different ways that good information is achieved and some of these are accurate and reliable information that a business can use. In my that you look at present data and make sure that it is useful to the business. Information is a difference that makes a difference (for somebody or for something or from a point of view). 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