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.</p> Signup and view all the answers

    What can turn data into information?

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

    What makes information useful?

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

    What characteristics does faithful representation of information exhibit?

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

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