Explain the data factors that drive information quality

What will be an ideal response?


First, good information is conceived from accurate, correct, and complete data; and it has been processed correctly. Second, data must be timely. When one participates in the development of an information system, timeliness will be part of the requirements that he/she specifies. One needs to give appropriate and realistic timeliness needs. Third, data should be relevant both to the context and to the subject. Finally, data needs to be sufficient for the purpose for which it is generated, but just barely so.

Business

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The revenue recognition principle does not pertain to long-term contracts, franchises, commodities, and installment sales

a. True b. False Indicate whether the statement is true or false

Business

In addition to benefiting your personal life and society, being a skilled public speaker can also benefit your ______.

Fill in the blank(s) with the appropriate word(s).

Business

Describe rational decision-making and how it is limited by cognition and culture.

What will be an ideal response?

Business

When discussing solutions for increasing profitability of a new product, Dale raises a concern that one of the alternatives may negatively impact sales for other products. Dale's concern demonstrates a focus on the ________ of the alternative.

A. sustainability B. ethicalness C. practicality D. legality E. functionality

Business