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:

Journal Entry

A record that details all the financial transactions of a company and their effect on accounts.

Salvage Value

Salvage value is the estimated residual value of an asset at the end of its useful life, assuming there is still value left after its primary use is over.

Ore Sold

The total volume or revenue generated from selling mined materials before they are refined or processed.

Depletion

The allocation of the cost of natural resources over their useful lives in a manner similar to depreciation of physical assets.