Podcast
Questions and Answers
Data consists of raw ______, such as an employee number
Data consists of raw ______, such as an employee number
facts
Information is a collection of data organized and processed for additional ______
Information is a collection of data organized and processed for additional ______
value
Knowledge is the awareness and understanding of a set of ______
Knowledge is the awareness and understanding of a set of ______
information
Valuable information helps decision makers achieve their ______ goals
Valuable information helps decision makers achieve their ______ goals
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Accessible information should be easily accessible by authorized ______
Accessible information should be easily accessible by authorized ______
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Complete information contains all the important ______
Complete information contains all the important ______
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Decision makers must always balance the value of information with the cost of producing it. Information should be relatively ______ to produce.
Decision makers must always balance the value of information with the cost of producing it. Information should be relatively ______ to produce.
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Flexible information can be used for a variety of purposes. For example, information on how much inventory is on hand for a particular part can be used by a sales representative in closing a sale, by a production manager to determine whether more inventory is needed, and by a financial executive to determine the total value the company has invested in inventory. Information should be ______.
Flexible information can be used for a variety of purposes. For example, information on how much inventory is on hand for a particular part can be used by a sales representative in closing a sale, by a production manager to determine whether more inventory is needed, and by a financial executive to determine the total value the company has invested in inventory. Information should be ______.
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Relevant information is important to the decision maker. Information showing that lumber prices might drop might not be ______ to a computer chip manufacturer.
Relevant information is important to the decision maker. Information showing that lumber prices might drop might not be ______ to a computer chip manufacturer.
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Reliable information can be trusted by users. In many cases, the reliability of the information depends on the reliability of the data-collection method. A rumor from an unknown source that oil prices might go up might not be ______.
Reliable information can be trusted by users. In many cases, the reliability of the information depends on the reliability of the data-collection method. A rumor from an unknown source that oil prices might go up might not be ______.
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Information should be secure from access by unauthorized users. Information should be ______, not complex.
Information should be secure from access by unauthorized users. Information should be ______, not complex.
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Timely information is delivered when it is needed. Knowing last week's weather conditions will not help when trying to decide what coat to wear today. Information should be ______.
Timely information is delivered when it is needed. Knowing last week's weather conditions will not help when trying to decide what coat to wear today. Information should be ______.
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