What Does Standardization of Data Elements Accomplish

question 195

Multiple Choice

What does standardization of data elements accomplish?

• A)Greater accuracy.
• B)Completeness and completeness.
• C)Increases the quality of information.
• D)All of the above.

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Definitions:

Marginal Product

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to manual or unskilled workers.

Diminishing Returns

A principle stating that adding an additional factor of production results in smaller increases in output.

Marginal Product

The additional output resulting from the use of one more unit of a factor of production.