What is the value of having accurate and credible information

Already the magnetic poles are being displaced increasingly. Thus today the magnetic pole is already displaced into the Canadian Ice Sea, while also the south pole has been dislocated, and moves in the direction of South America. By the time of the third millenium, in about 1, years, the migration of the poles will be in South America, while the north pole will have moved to Saudi Arabia. The calculated location of the north pole in the year 3, resulted in a location point between Jidda, on the Red sea and Mecca.

What is the value of having accurate and credible information

Synonym study

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. It is also communicated in time for its purpose, contains the right level of detail and is communicated by an appropriate channel, i.

Further details of these characteristics related to organisational information for decision-making follows. Information kept in a book of some kind is only available and easy to access if you have the book to hand.

A good example of availability is a telephone directory, as every home has one for its local area. It is probably the first place you look for a local number. For business premises, say for a hotel in London, you would probably use the Internet.

If the customer visited a different branch a telephone call would be needed to check details.

What is the value of having accurate and credible information

Accuracy Information needs to be accurate enough for the use to which it is going to be put. The degree of accuracy depends upon the circumstances. At operational levels information may need to be accurate to the nearest penny — on a supermarket till receipt, for example.

As an example, if government statistics based on the last census wrongly show an increase in births within an area, plans may be made to build schools and construction companies may invest in new housing developments. In these cases any investment may not be recouped.

Reliability or objectivity Reliability deals with the truth of information or the objectivity with which it is presented. You can only really use information confidently if you are sure of its reliability and objectivity. When researching for an essay in any subject, we might make straight for the library to find a suitable book.

We are reasonably confident that the information found in a book, especially one that the library has purchased, is reliable and in the case of factual information objective. The publisher should have employed an editor and an expert in the field to edit the book and question any factual doubts they may have.

In short, much time and energy goes into publishing a book and for that reason we can be reasonably confident that the information is reliable and objective. Unless you know who the author is, or a reputable university or government agency backs up the research, then you cannot be sure that the information is reliable.

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Some Internet websites are like vanity publishing, where anyone can write a book and pay certain vanity publishers to publish it. It must be suitable.

What is relevant for one manager may not be relevant for another. The user will become frustrated if information contains data irrelevant to the task in hand.

This is not relevant for the manager who wants to know opinions on relative prices of the product and its rivals. The information gained would not be relevant to the purpose. Completeness Information should contain all the details required by the user. Otherwise, it may not be useful as the basis for making a decision.

For example, if an organisation is supplied with information regarding the costs of supplying a fleet of cars for the sales force, and servicing and maintenance costs are not included, then a costing based on the information supplied will be considerably underestimated.

Ideally all the information needed for a particular decision should be available. However, this rarely happens; good information is often incomplete. To meet all the needs of the situation, you often have to collect it from a variety of sources.

There should be no extraneous information. For example, it is very common practice to summarise financial data and present this information, both in the form of figures and by using a chart or graph.An appraisal is an opinion of value used for real-estate-related financial transactions.

Appraisals are required by a state licensed or certified appraiser for most transactions above $, An appraiser’s report will typically include the type of property inspection, approaches to value required, and any lender-specific requirements.

Dustin, I too have taken a Regression Analysis course but have had difficulty in establishing an effective and credible data base which can be readily and easily called upon for use in a timely manor as needed for most appraisal assignments. Is the information reliable and free from errors?

Why is this important?

What is the value of having accurate and credible information

Information that is full of spelling, grammatical, or other proofreading errors comes across as unprofessional and unpolished, and therefore unreliable. verb (used with object), set, set·ting.

to put (something or someone) in a particular place: to set a vase on a table. to place in a particular position or posture: Set the baby on his feet. to place in some relation to something or someone: We set a supervisor over the new workers.

[Editor’s Note: In this special Just Security article, highly respected former member of the CIA’s Senior Intelligence Service, John Sipher examines the Steele dossier using methods that an intelligence officer would to try to validate such information.

This webpage is for Dr. Wheeler's literature students, and it offers introductory survey information concerning the literature of classical China, classical Rome, classical Greece, the Bible as Literature, medieval literature, Renaissance literature, and genre studies.

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