Having Access to Information That Spans a Period of Time

question 97

Multiple Choice

Having access to information that spans a period of time is an example of the _____ quality attribute of information.

• A) Validity
• B) Relevance
• C) Timeliness
• D) Period data

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Definitions:

Yield Management

A pricing strategy used in industries with fixed capacities, such as hotels and airlines, to maximize revenue through the manipulation of prices based on demand.

Variable Costs

Costs that vary directly with the level of business activity.

Fixed Costs

Costs that do not change in total amount with changes in the volume of production, such as rent, salaries, and insurance expenses.