Data Should Be Pertinent Both to the Context and Subject

question 102

Multiple Choice

Data should be pertinent both to the context and subject at hand.Which of the following data characteristics does this represent?

• A) cost effectiveness
• B) timeliness
• C) sufficiency
• D) relevancy

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Definitions:

Purchased Amount

The total volume or quantity of goods or services bought.

Normal Good

A good whose demand increases as consumers' income rises, holding all other factors constant.

Consumption

Consumption refers to the use of goods and services by households. It is a primary component of the economy, encompassing the spending on goods and services by consumers.

Income

Money received, especially on a regular basis, for work or through investments.