Apart from the obvious fact that it is irrelevant, why is useless data such a bad thing?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Frank Woods Business Accounting Volume 2

ISBN: 9780273693109

10th Edition

Authors: Frank Wood, Alan Sangster

See More Books

Question Posted: Sep 10, 2023 06:04 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Chevron Corporation (www.chevron.com) is one of the worlds leading energy companies. Chevrons headquarters are in San Ramon, California. The company has more than 62,000 employees and produces more...
Suppose that in response to a negative supply shock, the Federal Reserve raises interest rates. Their reason for doing this might be to Keep the economy from overheating Shift SRAS to the right Move...
Suppose the following data represent points along a short-run Phillips curve. Are the data consistent with what you would expect? Why or whynot? Inflation Rate 0% 1% 2% 3% 4% Unemployment Rate 5%...
What is the significance of the "unreserved fund bal- ance" of an expendable fund entity? LO9
2. Describe how analyst projections of cyclical company profits compare with actual performance.What are the possible reasons for the deviation?
On December 31, 2006 Marsh Company held 1,000 shares of X Company common stock in its portfolio of long-term investments in available-for-sale securities. The stock had cost $15 per share and has a...
A company reacquired some of its own stock to be heid as treasury stock. In its statement of cash flows how would this cash outflow be reported? Multiple Choice Under operating activities. Either...
Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...
Categorise each of the following costs into one of these six categories: (i) Direct materials (ii) Direct labour (iii) Indirect manufacturing costs (iv) Administration expenses (v) Selling and...
Here is a list of typical types of expenses found in a manufacturing firm. These can be analysed as to whether they are direct materials, direct labour, direct expenses, indirect manufacturing costs,...
Table presents price data for Computers, Inc., and a computer industry index. Does Computers, Inc., show relative strength over thisperiod? 10978561282892717751 5 5 2 9 1. 456778887 0878 ay 1 2 3 4 5...
Factor completely. x10 2x5 +1
Which of the three essential financial statements is most important for your business for the feasibility plan? Explain your answer.
Module 05 Content Background Having a comprehensive understanding of curriculum models and approaches to early childhood education can give you an appreciation of the many options available to...
- 7 ( 3 x - 2 ) 2 find the derivative
The Reciprocal Method Solve the Simultaneous Equations: S1=170,000+(0.2*S2) S2=68,000+(0.2*S1) S1=170,000+[0.2*(68,000+0.2*S1)]
Consider a 2-curve with df = 16. Obtain the 2-value that has area a. 0.025 to its left. b. 0.975 to its left. Find the required 2-values. Illustrate your work graphically.
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
Which of the following two mutually exclusive alternatives should be selected if a 7 per cent interest rate is used for the calculation of net present value? Project X Project Y Net cash flow Year 0 ...
Look at your chart again and use it to find the profit or loss recorded at (a) 1,000 units, (b) 4,000 units, (c) 6,500 units and (d) 8,500 units. Before proceeding, look at the answers to this...
What is the internal rate of return on the project in Question 50.7? Data From Question 50.7 What is the payback period on the following project cash flows? (Brackets indicate expenditure.) Year 0 ...
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...

Apart from the obvious fact that it is irrelevant, why is useless data such a bad thing?

Question:

Step by Step Answer:

Useless data has cost time and money to collect in itself a waste of resources ...View the full answer

Frank Woods Business Accounting Volume 2

Students also viewed these Business questions