To be useful for decision making, information must possess the fundamental qualities of relevance and reliability.
<h3 /><h3>What makes information relevant and reliable?</h3>
In a company, information is essential for decision making, significantly compromising the positioning of a business. In order to be relevant and reliable, the information must be based on organizational facts, such as accounting records, which demonstrate the real financial situation of the business, and allow decision-making more aligned with the company's needs.
Therefore, there is also an information system that assists in the processing of a large volume of data, the Decision Support Systems, which, being based on knowledge, are able to provide information based on standards and organizational objectives, being an important support to management decision making today.
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Answer:
Below
Explanation:
a product recall from a manufacturer to return a product after the discovery of safety issues or product defects that might endanger the consumer or put the makers / seller at risk at legal action.
The grapevine is an informal organizational communications network along with unofficial information flows quickly, if not always accurately. <span />
Answer:
e. Debit Petty Cash $50 Credit Cash $ 50
Explanation:
The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:
Petty Cash - Debit $ 232
Cash - Credit $ 232
The entry for recording the petty cash expenses would be as follows;
Office Supplies expense debit $ 73
Merchandise Inventory debit $ 137
Miscellaneous expenses debit $ 22
Petty Cash credit $ 232
