Information That Is Free from Error or Bias and Accurately

question 14

Multiple Choice

Information that is free from error or bias and accurately represents the events or activities of the organization is

• A)Relevant
• B)Reliable
• C)Verifiable
• D)Timely

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Definitions:

Opportunity Cost

The benefit lost when one decision is made over another, effectively the cost of forgoing the next best alternative.

Park Construction

The process of designing, planning, and building an area of land with recreational facilities, natural elements, and landscaping intended for public use.

Necessary Increase

An essential rise in quantity or capacity required to meet a specific need or to maintain equilibrium.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the potential benefits missed out on.