The Task Was to Identify Potential Problems Associated with a Data

question 63

Multiple Choice

The task was to identify potential problems associated with a data source.  One area of concern the group identified was the inclusion of misinterpreted events-for example, someone who lost his or her keys and reported the keys as stolen.  What type of error would this be known as?

• A)Underreporting error
• B)Sampling error
• C)Overreporting error
• D)Inadequate response format error

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Definitions:

Expense-Related Activities

Actions or operations that incur costs or expenses in the course of business operations or project execution.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)

A financial performance measure that calculates a company's profitability before deductions for interest, taxes, depreciation, and amortization.

Net Income

Indicates what is left after all costs, expenses, and taxes have been paid.

Current Assets

Cash and other assets that can be converted into cash within a year.