Which of the Following Statements Is True About Data Characteristics

question 46

Multiple Choice

Which of the following statements is true about data characteristics of quality information?

• A)Information systems that produce real-time data are less expensive than those that produce data at a later time.
• B)The timeliness of information can be measured against events.
• C)Accurate information can be conceived from inaccurate data.
• D)Data that appears on any Web page is reliable.

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Definitions:

Diminishing Marginal Product

The principle stating that as one inputs more of a factor of production while holding other inputs constant, the added output produced from each additional unit of the variable input eventually decreases.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or loan payments.

Marginal Cost

The added expense incurred by creating one more unit of a product or service.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced.