Explain the problems that underlie the lack of information in an organization.
What will be an ideal response?
Several problems underlie the lack of information:
• Information overload-Managers and employees are bombarded with so much information that they fail to absorb everything. Much of the information is not very important, but its volume causes a lot of relevant information to be lost.
• Lack of openness between managers and employees-Managers may believe "No news is good news," "I don't have time to keep them informed of everything they want to know," or "It's none of their business, anyway." Some managers withhold information even if sharing it would be useful.
• Filtering-When messages are passed from one person to another, some information is left out. When a message passes through many people, more information may be lost during each transmission. The message also can be distorted as people add words or interpretations. Filtering poses serious problems in organizations when messages are communicated downward through many organizational levels and much information is lost.
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Answer the following statements true (T) or false (F)
Many continental model countries, such as France and Germany, have viewed harmonization as an opportunity to coordinate their accounting standards with those of the US.
Kenneth has a periodic tenancy that requires him to pay rent weekly. Kenneth wishes to terminate his tenancy. Under the common law, he must give his landlord notice of at least
a. one week. b. two weeks. c. thirty days. d. sixty days.
A supply chain information system that links a company with an entity upstream is called a(n):
A) customer relationship management system. B) supplier relationship management system. C) internal supply chain management system. D) business process modeling tool.
What is the probability that a programmer has wrist pain and does not take aspirin on a daily basis?
A) 0.25 B) 0.15 C) 0.19 D) 0.09