Data Must Be Converted into Information to Be Considered Useful

question 17

Multiple Choice

Data must be converted into information to be considered useful and meaningful for decision making.There are six characteristics that make information both useful and meaningful.If information is free from error or bias and accurately represents the events or activities of the organization,it is representative of the characteristic of

• A) relevancy.
• B) timeliness.
• C) understandability.
• D) reliability.

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Definitions:

Fuel-Efficient Rate

A measure of how effectively a vehicle converts fuel into travel distance, often expressed in miles per gallon (mpg) or liters per 100 kilometers (l/100km).

Isocost Line

A graph line representing all combinations of inputs that can be purchased for the same total cost, assisting in the analysis of cost minimization.

Merchandise Deliveries

The process of transporting goods from a supplier to a buyer.

Driver's Wage

The amount of money paid to an individual for driving services within a certain period.