Chapter 10 - communicating information to stakeholders Flashcards
1
Q
What is the ACCURATE acronym for good quality information?
A
Accurate
Complete
Cost effective
Understandable
Relevant
Authoritative
Timely
Easy to use
2
Q
What are the three key features of strategic information?
A
Summarised rather than detailed
looks at past behaviour
mostly external information that affects the business
3
Q
What are the three key features of managerial information?
A
Regular and operational information
Mostly internal
Somewhat detailed
4
Q
What are the three key features of operational information?
A
Regular and detailed information
From internal sources
From past events
5
Q
What are the five Vs of big data?
A
Volume
Velocity
Variety
Veracity
Value
