Which of the Following Statements Is TRUE About Data Characteristics

question 98

Multiple Choice

Which of the following statements is TRUE about data characteristics of quality information?

• A) Information systems that produce real-time data are less expensive than those that produce data at a later time.
• B) The timeliness of information can be measured against events.
• C) Accurate information can be conceived from inaccurate data.
• D) Data that appears on any Web page is reliable.

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Definitions:

Average Product

A metric that measures output per unit of a variable input, calculated by dividing total production by the quantity of the variable input.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases beyond a certain point.

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase forever and will eventually decrease.

Marginal Product

The additional output that is produced by adding one more unit of a certain input while holding other inputs constant.