Which of the Following Statements Is True of Data Characteristics

question 55

Multiple Choice

Which of the following statements is true of data characteristics in the context of information systems?

• A) Data generated should be in excess of what is required.
• B) An appropriate relationship should exist between the cost of data and its value.
• C) Data should be relevant to the context, not necessarily to the subject.
• D) Freely available data is always accurate and timely.

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Definitions:

Mutually Exclusive

This term refers to scenarios or choices where the selection of one option inherently prevents the choice of another.

Discount Rate

The interest rate the Federal Reserve charges commercial banks for short-term loans, or a rate used to discount future cash flows to their present value.

IRR Method

The Internal Rate of Return method, a capital budgeting technique that calculates the rate of return at which the net present value of all the cash flows (both positive and negative) from a project or investment equals zero.