The Concern That the Structure of Data Is Consistent Within

question 57

Multiple Choice

The concern that the structure of data is consistent within an information source reflects which quality dimension of information?

• A) accuracy
• B) integrity
• C) validity
• D) consistency

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Definitions:

Weighted-Average Methods

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available during the period.

First-In, First-Out

An inventory valuation method where the oldest items are sold or used first.

Equivalent Units

A concept in cost accounting used to assess work-in-process inventory by converting partial units into a number of equivalent full units.

Ending Inventory

The worth of merchandise ready for purchase at the close of a financial period, determined by adding purchases to the initial inventory and then subtracting the cost of goods that were sold.