Data Quality Is Important for All of the Following Reasons

question 14

Multiple Choice

Data quality is important for all of the following reasons EXCEPT:

• A) it minimizes project delay.
• B) it aids in making timely business decisions.
• C) it provides a stream of profit.
• D) it helps to expand the customer base.

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Definitions:

Compound Interest

Interest calculated on the initial principal of a deposit or loan, as well as on the accumulated interest of previous periods, leading to exponential growth of the amount over time.

Economic Resource

Assets, materials, and inputs used to produce goods and services, including labor, capital, land, and entrepreneurship.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Uninsurable Risk

A risk that cannot be covered by an insurance policy due to its high probability of occurring or the inability to accurately price it.