Which of the Following Situations Would Not Have an Impact

question 39

Multiple Choice

Which of the following situations would not have an impact upon error in agency records?

• A) computers have the capacity to magnify clerical error
• B) a single crime could be recorded by two agencies, thus making that event over-represented
• C) having very little data to input
• D) even rare events can be recorded improperly

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Definitions:

Common-value Auction

A type of auction wherein all bidders have the same valuation for the item for sale, but they have different information about the item’s actual value.

Exact Value

The precise numerical quantity or measurement without approximation.

Estimate

To make an approximate judgment or calculation of the value, number, quantity, or extent of something.

Winner's Curse

A phenomenon that occurs in auctions where the winning bidder pays more than what the item is actually worth, usually because of incomplete information or misjudgment.