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

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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

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3
Q

What are the three key features of managerial information?

A

Regular and operational information
Mostly internal
Somewhat detailed

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4
Q

What are the three key features of operational information?

A

Regular and detailed information
From internal sources
From past events

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5
Q

What are the five Vs of big data?

A

Volume
Velocity
Variety
Veracity
Value

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