Data Quality Is Important for All of the Following Reasons

question 14

Multiple Choice

Data quality is important for all of the following reasons EXCEPT:

• A) it minimizes project delay.
• B) it aids in making timely business decisions.
• C) it provides a stream of profit.
• D) it helps to expand the customer base.

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Definitions:

Temporal Method

A foreign currency translation method used in accounting to convert transactions of foreign operations to the reporting currency.

Swedish Krona

The official currency of Sweden, often represented by the abbreviation SEK.

Property, Plant, and Equipment

Tangible long-lived assets used in the operations of a business, including land, buildings, and machinery.

ASPE

Accounting Standards for Private Enterprises; these are simplified accounting principles for private companies in Canada, allowing them to prepare financial statements without adhering to the more complex IFRS.