25-2RQ
Question
What makes information relevant to decision making?
Step-by-Step Solution
Verified Answer
Information is considered relevant if the same is related to the expected future data.
1Meaning of Decision-Making
Decision-making refers to the process of making a final choice among various available alternatives. In an organization, decisions are taken at different levels and are implemented accordingly by the associated workforce.
2Relevancy of an information
In the process of decision-making, a piece of information is said to be relevant if it is expected to be related to the future data that diverges among the various alternatives.
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