What are the 5 characteristics of useful information and give at least example of each characteristics?
The first characteristic is Relevance. The information that a person uses must be relevant to the current problem at hand. If the information is not relevant it would not help… to solve the problem at all.. The 2nd characteristic is Complete. The information must be complete. If the information is not complete and only partial information is received, it may lead to wrong decisions being made as only half of an entirety of the information is known.. The 3rd characteristic is Accuracy. The information must be accurate as unaccurate information would lead to many different major problems as unaccurate information for example, may lead to people playing the stock market to lose alot of money.. The 4th characteristic is Current. The information must be current as a fact of yesterday may not be a fact of today. For example, a criminal on the loose the day before would not be a criminal on the loose anymore if he gets caught today. As the stock market is everchanging, current information is really a must.. The 5th characteristic is Economical. The information used must be of economical use to companies that use them. Companies are built to make profit, if the information used is not economical it would result in companies making losses and get shut down. That is why economical information is important.. (MORE)