Which of the Following Statements About the Characteristics and Costs

question 4

Multiple Choice

Which of the following statements about the characteristics and costs of useful information is true?

• A) Raw data become information as soon as the facts and figures are manipulated.
• B) For information to be useful, it has to be malleable, concrete, reliable, and timely.
• C) Obtaining good information incurs negligible costs in terms of acquisition, processing, storage, retrieval, and communication.
• D) Useful information does not come cheaply.
• E) All of these statements about the characteristics and costs of useful information are true.

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Definitions:

GRI

The Global Reporting Initiative, a leading organization that provides a comprehensive sustainability reporting framework used worldwide.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Environmental

Pertains to the natural world or the ecological and physical conditions in which an organization operates.

Economic

Relating to the production, distribution, and consumption of goods and services, and the study of how societies manage scarce resources.