Bob Is Making a Decision on How to Extend His

question 34

Multiple Choice

Bob is making a decision on how to extend his company's brand line.As he looks over the information that he needs to make a decision,he notices that the market share numbers look very high.Upon closer inspection he realizes that the numbers do not represent the reality of the market.Which quality of information dimension is lacking?

• A)accuracy
• B)consistency
• C)completeness
• D)timeliness

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Definitions:

Promisor

An individual or entity that makes a promise or agreement to perform a specified act or service in a contract.

Delegable

Refers to duties or tasks that can be assigned or transferred from one party (the delegator) to another (the delegatee), legally allowing for the completion of the task by someone other than the original party.

Duty

A moral or legal obligation to perform or refrain from performing a certain action.

Novation

The act of replacing an old obligation with a new one, substituting a new party into an existing agreement or completely replacing the original contract.