12 Questions
Enterprises invest in information technology as they have proven to deliver an economic value to the ______
business
If information presents value, it can be considered an ______
asset
Information can be an asset or a liability, depending on the adopted information strategy or ______ factors
external
Storing too much or too little information could cause an adverse effect on a ______
business
Sales information is an obvious asset for decision making and business growth, however storing information without proper analysis turns into a ______
liability
Information Management - Is the collection and management of information from one or more sources and the distribution of that information to one or more ______
audiences
Raw, unprocessed streams of facts are usually referred to as ______
data
Data that have been organized so that they have meaning and value to the recipient is called ______
information
The difference between data and information is determined mainly by how they are used in a business ______
context
When individual data entries are processed, some utility value or meaning is added to raw data to transform it into business ______
information
Businesses collect and store all sorts of ______, whether they are necessary facts about their daily operations, customers, or products
data
An individual entry on a sales receipt does not become 'informative' to the business unless it has a purpose or a ______
meaning
Learn about the importance of information as a valuable asset in businesses and its role in day-to-day operations and decision-making. Explore how enterprises invest in information technology to drive economic value. Understand how information is a critical element in modern business functions.
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