What distinguishes information hierarchy from data collection? (a) All data holds equal importance (b) Structured relationships determine reporting significance (c) Collection methods define value (d) Hierarchies create confusion
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- Which of the following is NOT a characteristic of effective information? a. relevance b. accuracy c. summarization d. precisionWhen should modified attribute mapping replace standard classification? (A) Complex characteristics demand specialized categorization (B) Simple categories work universally (C) Standards fit all situations (D) Modifications waste time. General accountingHow does the Representational faithfulness is enhanced if information is free from error?
- c. What criterion should be used to evaluate trade-offs between information characteristics?When describing “Materiality” the concept refers to Select one: a. the tangible nature of an item. b. representational faithfulness. c. the decision-making relevance of a piece of information. d. None of these describe materiality.Which of the following is true of structured data? Select answer from the options below Structured data is easily stored in tables. Structured data doesn't fit into a traditional table. Structured data is stored using more storage space. Structured data is difficult to manage.
- When should modified attribute mapping replace standard classification? Want answer for this Accounting MCQ. (A) Complex characteristics demand specialized categorization (B) Simple categories work universally (C) Standards fit all situations (D) Modifications waste timeWhat challenges that may arise during implementation of Data Analytics?Why does measurement attribute selection affect reporting quality? a) Standards fit everything b) Single measures work universally c) Selection wastes time d) Different value bases serve varying information needs I need answer