Data vs. Information

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Questions and Answers

What is the difference between data and information?

  • Data has little meaning, while information has no meaning at all.
  • Data is processed and organized, while information is raw and unorganized.
  • Data are raw facts with little meaning, while information is data organized in a meaningful way to be useful. (correct)
  • Data is used by computers, while information is used by humans.

What can lead to information overload?

  • Information that lacks predictive value.
  • Data that is irrelevant to the decision maker.
  • Having too much data available. (correct)
  • Incomplete and biased information.

When is information considered relevant?

  • When it is neutral and free from error.
  • When it is big enough to influence the decisions of its users.
  • When it includes all applicable transactions and is complete.
  • When it helps users evaluate past decisions or predict the future, and when it is material in size. (correct)

What does faithful representation of information entail?

<p>Being free from bias and error, and including all applicable transactions. (D)</p> Signup and view all the answers

What can turn data into information?

<p>Aggregation, calculation, sorting, manipulation, and combination with the appropriate context. (C)</p> Signup and view all the answers

Why might computers contribute to information overload?

<p>Due to their ability to process and organize data in a way that overwhelms decision makers. (A)</p> Signup and view all the answers

What makes information useful?

<p>Its relevance to the decision maker and its ability to influence decisions. (B)</p> Signup and view all the answers

What does relevance of information imply?

<p>It implies that the information helps users evaluate past decisions or predict the future. (C)</p> Signup and view all the answers

What characteristics does faithful representation of information exhibit?

<p>Neutral, free from bias, and complete. (B)</p> Signup and view all the answers

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