Which of the following is an example of lag information?
A) Measurement of faulty units in response to a recently implemented inventory method
B) Measurement of price sensitivity of customers in a given city
C) Measurement of rate of purchasing propensity following exposure to advertising
D) None of the answers is correct.

Question

Quizplus · Accepted Answer

Lag information refers to data that is a result of past events or actions. The measurement of faulty units in response to a recently implemented inventory method is an example of lag information as it reflects the impact of a previous decision or action on the current situation. Option B and C are not examples of lag information as they would involve current or real-time data collection. Option D is incorrect as there is at least one correct answer.

Which of the Following Is an Example of Lag Information