The chapter contained an illustration in which the value of the information provided by a quality control
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The chapter contained an illustration in which the value of the information provided by a quality control system was measured using the incremental expected-payoff model of decision theory.
(a) Can relevance be determined qualitatively?
(b) Could the accuracy of the information system be improved to a point where the value of information it provided was economic? What level of accuracy is required?
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Related Book For
Accounting Information Systems
ISBN: 9780130861771
8th Edition
Authors: George H. Bodnar, William S. Hopwood
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