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:

Open Ocean

The vast, deep, and relatively unexplored parts of the sea, far from land and typically beyond national jurisdiction.

Property Rights

The legal rights to use, transfer, or sell property, whether tangible or intangible, recognized and protected by law.

Higher User Costs

Increased charges or expenses borne by users for accessing or utilizing services, goods, or facilities.

Extracted More Quickly

The act of removing or obtaining resources at an accelerated rate from an environment or source.