A) relevant.
B) accurate.
C) verifiable.
D) timely.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
9) Information that does not omit important aspects of the underlying events or activities that it measures is
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
10) Information is ________ when two knowledgeable people independently produce the same information.
A) verifiable
B) relevant
C) reliable
D) complete
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
11) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of
A) relevancy.
B) timeliness.
C) understandability.
D) accurate.
Answer: D
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
12) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If information can help reduce uncertainty, improves decision making, or confirms or corrects prior expectations, it is representative of the characteristic of
A) reliability.
B) relevance.
C) complete.
D) truthful.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
13) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If the same information can be reproduced by two independent and knowledgeable people, it is representative of the characteristic of
A) reliability.
B) relevance.
C) verifiability.
D) truthful.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
14) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If the information is free from error or bias, it is representative of the characteristic of
A) reliability.
B) relevance.
C) verifiability.
D) truthful.
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
15) Inventory information for Sun Corp. is provided in real time by a firm's accounting information system. However, the accuracy of this information is questionable. Many store managers often report stock outs of components that the system indicates are in stock. Which of the following characteristics of useful information is absent in the situation described above?