Explain the importance of timeliness of information in an organization

What will be an ideal response?

Good information requires that data be available in time for its intended use. A monthly report that arrives six weeks late is most likely useless. In such a case, the data has arrived long after the decisions that needed that information have been made. An information system that sends a poor customer credit report after the goods have been shipped is unhelpful and frustrating. Timeliness can be measured against a calendar (six weeks late) or against events (for example, before shipping).

Business

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Merging (adding new customers) and purging (eliminating customers on multiple lists and customers who have not ordered merchandise over a given time period) are key functions in customer contact

Indicate whether the statement is true or false

Business

Which of the following statements best explains why legal arguments often contain significant ambiguity?

A) Legal arguments are expressed in words, and words rarely have the clarity one presumes. B) Lawyers purposely distort the facts of each case in order to assist their clients in appearing favorable before a jury. C) Ambiguity is an important goal of critical thinking. D) Judges choose ambiguous statutes and precedents in order to reach proper and flexible rules of law.

Business