Which of the Following Statements About the Cost and Value

question 229

Multiple Choice

Which of the following statements about the cost and value of information is False?

• A) Dependable information can be expensive.
• B) Managers rarely get all the information they would like to have.
• C) Money may be wasted if a manager ignores the facts revealed in a marketing research study and bases his/her decisions on guesswork.
• D) The cost of gathering additional information is always justified by its value.
• E) All of these statements are False.

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Definitions:

Pie Charts

Circular statistical graphics divided into slices to illustrate numerical proportion.

Quantitative Totals

Numerical aggregations or sums that represent amounts, typically used in data analysis or reporting.

Percentages

A fraction or ratio expressed as a part of 100, used to denote proportions or to compare quantities.

Pie Charts

Graphical representations of data in a circular format, with slices to illustrate proportional sizes of different categories within a whole.