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.

Understand the changes in the distribution of personal income tax responsibilities across income groups over time.

Identify the main sources of federal government revenue and their relative significance.

Recognize the economic implications of the size and structure of government on economic growth.

Explain the concept of progressive taxation and its effects on government revenue.

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Definitions:

Shading Button

A tool in word processors and graphic design software that applies background color or patterns to selected text, cells, or other elements.

Table Cell

An individual box in a table where a row and column intersect, used to enter and display information.

Outline View

A feature in many software applications that displays documents or images in a simplified, structured format highlighting the main elements.

Slide Titles

The heading or title text on a presentation slide that often summarizes the content or topic of the slide.