In the context of information systems, which of the following statements is True of data characteristics?
A) Data generated should be in excess of what is required.
B) An appropriate relationship should exist between the cost of data and its value.
C) Data should be relevant to the context, not necessarily to the subject.
D) Freely available data is always accurate and timely.
E) Larger data sets yield more accurate information.

Question

Quizplus · Accepted Answer

An appropriate relationship should exist between the cost of data and its value, meaning that the value derived from using the data should be higher than the cost of collecting and maintaining it. The other choices are incorrect because data should not be generated in excess, it should be relevant to the subject and context, freely available data may not be accurate or timely, and larger data sets may lead to more noise and less accuracy.

In the Context of Information Systems, Which of the Following