One of the Most Common Errors When Collecting Data Is

question 5

Multiple Choice

One of the most common errors when collecting data is __________.

• A)collecting rapidly changing data frequently
• B)collecting data infrequently because data collection is so time consuming
• C)collecting data that rarely changes
• D)reporting to management after collecting data.

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Definitions:

Criminal Fraud

Illegally deceiving another for personal or financial gain, considered a criminal offense.

Insider Trading

Engaging in covert transactions on the stock market for personal benefit by exploiting privileged information.

Telecommunications

Telecommunications refers to the transmission of information over distances through electronic means, including telephone, radio, television, and internet communications.

Stock Trade

A Stock Trade involves the buying or selling of shares in a company through a stock market, reflecting the transfer of ownership in hopes of gaining a profit.