For Data to Be Worth Its Costs, an Appropriate Relationship

question 52

Multiple Choice

For data to be worth its costs, an appropriate relationship must exist between ________.

• A) the timeliness of data and its costs
• B) the manager and vice-president
• C) the cost of data and its value
• D) hardware and software

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Definitions:

Misleading Warranties

Guarantees or promises made by a seller that are untrue or deceptive, leading consumers to have incorrect expectations about a product.

Quality/Design

The standard of something as measured against other things of a similar kind, and the process of conceiving and planning the structure and functionality of products.

Potential Hazards

Possible sources of danger or harm that may arise from activities, processes, or conditions.

Marketing Ethics

The area of applied ethics which deals with the moral principles behind the operation and regulation of marketing.