For each of the following situations, match the appropriate information quality characteristic that best applies to the situation or would be the best characteristic to improve the situation.

$***$EACH ANSWRER IS USED ONCE$***$

Question $5$ options:

A$.$ Disney World provides guests with Magic Bands, which are wrist bands that collect data on who the guests are, where they are, what rides they go on$,$ and what they buy. Magic Bands provide Disney with an incredible amount of data about guest profiles and preferences. Information like this can help Disney improve decision making for optimal management of its resorts and planning for future periods.

B$.$ Alicia's Accessories is developing a proprietary big data system called Just$-$in$-$Time. The intention of the system is to continuously monitor and improve operations, products, marketing, sales, and employee training and to improve competitive advantage. The data comes from the company's point$-$of$-$sale systems, inventory systems, promotions, customer feedback and surveys, and loyalty programs. Just$-$in$-$Time provides information every $30$ minutes at headquarters for immediate decision making. Operational glitches get immediate attention.

C$.$ In the income statement of a company, sales transactions included in the revenue amount are only those that reflect revenue earned during the reporting period$$no more and no less.

D$.$ Oil and gas companies consistently apply the same industry$-$specific accounting standards to their financial statements, and so there should be a high level of $\_\_\_\_\_\_\_\_\_\_($fill in the characteristic$)$ within that industry.

E$.$ After completing a systems conversion from a legacy system to a new ERP, a divisional manager discovered that one of the expense categories was coded in the new system as an asset. As a result, all the transactions recorded for that expense for the period were incorrectly included in current assets.

F$.$ This characteristic strongly factors into the reason for reporting land and buildings at historical cost in a company's Balance Sheet, even though this value may bear no resemblance to the fair market value of the asset. $($Hint: fair market values of the asset are determined by estimates or appraisals.$)$

G$.$ In the management decision to replace a long$-$haul transportation truck used for the past $10$ years, inclusion of information about the original cost of the truck in a report has no $\_\_\_\_\_\_\_\_($fill in the characteristic$).$

H$.$ A company with information about a probable and material lawsuit must report it in the notes to its financial statements. An attempt to withhold this information indicates bias and the liabilities would lack $\_\_\_\_\_\_\_\_($fill in characteristic$).$

I. A large public company operates in multiple regions across the country and divides the reporting into two separate regions, East and West, before aggregating the data for quarterly and annual reporting requirements. In preparation for the upcoming budgeting process, the data team produced monthly data to the department head for each region. The data team accidentally sent the Western region results to the Eastern region department head.

J$.$ Financial analysts and investors use past financial statements as a basis to chart performance trends and make predictions about future performance, including profitability and cash flow, for business valuation purposes.

$1.$ Relevance

$2.$ Faithful representation

$3.$ Completeness

$4.$ Predictive value

$5.$ Timeliness

$6.$ Understandability

$7.$ Comparability

$8.$ Accuracy

$9.$ Materiality