Which of the following statements best describes the intrinsic value of data? A. It is constant and does not change over time B. It is subjective and varies from organization to organization C. It is solely determined by the market demand for data D. It is independent of the organization's goals and objectives
Question
Which of the following statements best describes the intrinsic value of data? A. It is constant and does not change over time B. It is subjective and varies from organization to organization C. It is solely determined by the market demand for data D. It is independent of the organization's goals and objectives
Solution
The best description for the intrinsic value of data is B. It is subjective and varies from organization to organization. This is because the value of data is determined by how useful it is to the organization, which can vary greatly depending on the organization's specific needs, goals, and objectives. For example, customer data might be extremely valuable to a marketing company but less so to a manufacturing company. Therefore, the intrinsic value of data is not constant, not solely determined by market demand, and not independent of the organization's goals and objectives.
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