Which of the Following Statements Is True About Data Characteristics

question 46

Multiple Choice

Which of the following statements is true about data characteristics of quality information?

• A)Information systems that produce real-time data are less expensive than those that produce data at a later time.
• B)The timeliness of information can be measured against events.
• C)Accurate information can be conceived from inaccurate data.
• D)Data that appears on any Web page is reliable.

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Definitions:

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead.

Fixed Manufacturing Overhead

Costs that do not change with the level of production activity, such as salaries of managers, depreciation of factory equipment, and utility costs of the factory.

Absorption Costing

A product costing technique that assigns all costs of production (both variable and fixed) to the product, including overheads, to calculate its full cost.

Fixed Manufacturing Overhead

Costs that remain constant in total within manufacturing operations, regardless of the level of production, such as factory rent or salaries of permanent staff.