What does 'timely' imply about good quality information?

The concept of 'timely' in relation to good quality information indicates that the information must be available precisely when it is needed for decision-making. This means that data should be current and accessible to ensure that decisions are based on the most relevant and up-to-date information available. In business contexts, where rapid changes can affect operations, having timely information can significantly impact the effectiveness of strategic decisions.

In contrast, other options do not align with the essence of timeliness. Storing information for archival purposes or suggesting that it is useful only after some time has passed does not support the notion that timely information should match the immediacy required for effective decision-making. Similarly, stating that information can be old but still applicable overlooks the critical need for relevance and recency in a fast-paced environment. Therefore, the focus on timely information emphasizes the importance of having access to it right when it is needed, which is crucial for making informed decisions.