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Measurement Theory

The document discusses measurement theory and its use in decision-making. Measurement theory involves assigning numerical values to objects, events, and phenomena to help with decision-making. While measurement provides advantages like accessibility and usefulness, there are also challenges like difficulty measuring future events and not having a standard unit of measurement. Information theory is also discussed as a type of accounting where information helps organizations meet goals through proper use.

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Pranal
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Available Formats
Download as PDF, TXT or read online on Scribd
23 views

Measurement Theory

The document discusses measurement theory and its use in decision-making. Measurement theory involves assigning numerical values to objects, events, and phenomena to help with decision-making. While measurement provides advantages like accessibility and usefulness, there are also challenges like difficulty measuring future events and not having a standard unit of measurement. Information theory is also discussed as a type of accounting where information helps organizations meet goals through proper use.

Uploaded by

Pranal
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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