摘要：Information is significant for all types of decisions. In case of management and business decisions it is the basic input of the decision making process. Uncertainty involved in business life increases the need for information in order to reduce uncertainty and convert the opportunities to benefits. Accuracy of the decisions in business life are highly correlated with the availability, accessibility, accuracy, clarity and timeliness of information. Apart from these attributes, quantifiability of the information is also very important especially to evaluate the alternative courses of actions in decision making process.
