What Are the Two Characteristics of Reliable Information

question 2

Multiple Choice

What are the two characteristics of reliable information?

• A) Representational faithfulness and verifiability
• B) Timeliness and representational faithfulness
• C) Verifiability and relevance
• D) Representational faithfulness and relevance

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Definitions:

Fixed Costs

Expenses that do not change in the short term, regardless of the level of production or sales activities, such as rent, salaries, and insurance.

Quantity Discounts

Reductions in price per unit based on the amount of goods purchased, used as an incentive for buyers to purchase larger quantities.

Price Discounts

Reductions in the selling price of goods or services, often used as a strategy to increase sales volume and attract customers.

Multiechelon Supply Chain

A complex network of supply chain stages including suppliers, manufacturers, and distributors that work together to deliver products to the end consumer.