financial-accounting-46

I need a simple answer.

There is a statement in AIS that states, “collecting too much information is that same as not collecting any” … the last thing you want to do from a management point of view is to collect information about your company that you will not be able to analyze and make decisions on. The idea about information is that ability to make strong decisions that will help the business. Now, putting that in consideration, how can you determine how much information is to be collected? Provide an example to support your answer …

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