Factors That Affect Information Quality in Nonroutine Operating Decisions Include

question 50

Multiple Choice

Factors that affect information quality in nonroutine operating decisions include:
I. Uncertainties
II. Timeliness
III. Analysis technique assumptions
IV. Overall cost structure

• A) I, III, and IV only
• B) II, III, and IV only
• C) I, II, and III only
• D) I and IV only

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Definitions:

Actual Sales

Revenue generated from goods sold or services provided in a particular period, factually recorded.

Sales Variance

Sales variance is the difference between actual sales and budgeted or planned sales, used to assess performance.

Variable Costs

Costs that vary directly with the level of production or business activity.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums.