Which of the Following Lists Include All of the Five

question 107

Multiple Choice

Which of the following lists include all of the five characteristics common to high-quality information?

• A) Accuracy, completeness, strength, support, and positive feedback
• B) Accuracy, association, referral, sales, and marketing
• C) Accuracy, competition, support, customer service, and visibility
• D) Accuracy, completeness, consistency, timeliness, and uniqueness

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.

Accounting System

A systematic process of recording, summarizing, and reporting the financial transactions of a business or individual.

Saved Documents

Files that have been stored digitally or physically for future reference or record-keeping purposes.

Audit Trail

A record that traces the detailed history of financial transactions to verify their accuracy and integrity.