Introduction to Information Management in Businesses
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Questions and Answers

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 ______

<p>business</p> Signup and view all the answers

Sales information is an obvious asset for decision making and business growth, however storing information without proper analysis turns into a ______

<p>liability</p> Signup and view all the answers

Information Management - Is the collection and management of information from one or more sources and the distribution of that information to one or more ______

<p>audiences</p> Signup and view all the answers

Raw, unprocessed streams of facts are usually referred to as ______

<p>data</p> Signup and view all the answers

Data that have been organized so that they have meaning and value to the recipient is called ______

<p>information</p> Signup and view all the answers

The difference between data and information is determined mainly by how they are used in a business ______

<p>context</p> Signup and view all the answers

When individual data entries are processed, some utility value or meaning is added to raw data to transform it into business ______

<p>information</p> Signup and view all the answers

Businesses collect and store all sorts of ______, whether they are necessary facts about their daily operations, customers, or products

<p>data</p> Signup and view all the answers

An individual entry on a sales receipt does not become 'informative' to the business unless it has a purpose or a ______

<p>meaning</p> Signup and view all the answers

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