Which of the Following Statements About the Cost and Value

question 69

Multiple Choice

Which of the following statements about the cost and value of information is FALSE?

• A)Dependable information can be expensive.
• B)Managers rarely get all the information they would like to have.
• C)Money may be wasted if a manager ignores the facts revealed in a marketing research study and bases his or her decisions on guesswork.
• D)The cost of gathering additional information is always justified by its value.

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Definitions:

Construction Worker

An individual who works on construction sites, engaging in various tasks such as building, demolition, or renovation.

Directions

Instructions or guidelines that indicate how to reach a destination or complete a task.

Inattentional Blindness

Failing to see visible objects when our attention is directed elsewhere.

Videotape

Magnetic tape used for storing video and audio signals, historically used before digital recording became predominant.