In the Context of Information Systems, Which of the Following

question 40

Multiple Choice

In the context of information systems, which of the following statements is True of data characteristics?

• 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.
• E) Larger data sets yield more accurate information.

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Definitions:

Industry Averages

Statistical benchmarks that represent the standard or average performance in a particular industry, useful for comparison and analysis.

Solvency

A measure of a company's ability to meet its long-term financial obligations, indicating its financial health.

Current Liabilities

Financial obligations or debts of a business that are due within a year or within its operating cycle if longer.

Solvency

Refers to an entity's ability to meet its long-term financial liabilities.