Which of the Following Statements About Managing Data Is True

question 27

Multiple Choice

Which of the following statements about managing data is true?

• A) Reconciling inconsistent data can require a significant amount of time and money.
• B) Potential costs incurred by organizations for data loss are minimal.
• C) Today's tools eliminate the need for data management positions.
• D) There are no consequences associated with noncompliance of a law due to poor data management.

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Definitions:

Economic Profit

The distinction between overall income and total expenditures, encompassing both direct and indirect costs.

Dude Ranch

A vacation destination that mimics the lifestyle of a working ranch, offering guests experiences such as horseback riding, cattle driving, and other outdoor activities.

Economic Profit

The total revenue of a business minus its explicit and implicit costs, including opportunity costs.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for production.