Which of the Following Is Not a Characteristic or Consequence

question 97

Multiple Choice

Which of the following is not a characteristic or consequence of weak data governance?

• A)Data duplication causes isolated data silos
• B)Users do not trust the data and waste time verifying the data
• C)Increased workloads and processing time
• D)Prohibitive cost of high quality data.

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Definitions:

Net Income

Profit calculated as the difference between total revenues and total expenses, indicating the financial performance of a company over a period.

General Ledger

A complete record of all financial transactions over the life of a company, used to compile the financial statements.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and other adjustments.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts in preparation for the next accounting period.