Useful Information Must Possess All of the Following Characteristics Except

question 36

Multiple Choice

Useful information must possess all of the following characteristics except

• A)relevance
• B)precision
• C)accuracy
• D)completeness

---

Definitions:

Opportunity Cost

The expense incurred by not selecting the second best choice while making a decision or opting among alternatives.

Debt Default

The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.

U.S. Federal Budget

The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.

Federal Deficits

The shortfall where the government's expenditures exceed its revenues within a specific fiscal year.