Final answer:
High-quality data is characterized by its accuracy, reliability, relevance, completeness, and timeliness, which ensures its usefulness and correctness.
Step-by-step explanation:
The five common characteristics of high-quality data are accuracy, reliability, relevance, completeness, and timeliness. This essentially means that for data to be useful and of good quality, it should be correctly reflecting the true situation (accurate), consistently produce the same results under similar conditions (reliable), be pertinent and connected to the topic at hand (relevant), have all the necessary parts or elements (complete), and be available when needed (timely).