The Quality of Information That Gives Assurance That It Is

question 114

True/False

The quality of information that gives assurance that it is reasonably free of error and bias and is a faithful representation is relevance.

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Definitions:

Willingness

The readiness of a person to engage in a particular action, especially in terms of purchasing goods or services.

Marginal Utility

The additional utility received from consuming one more unit of a good or service.

Total Utility

The complete happiness or advantage gained from using a specific amount of products or services.

Product Consumed

Refers to goods or services that have been used by consumers, fulfilling needs or wants.