L13 l BUSINESS RELATED INFORMATION I Data and Information Flashcards
1
Q
What is data?
A
Raw Information
2
Q
What does data refer to?
A
A collection of production figures, sales numbers and other detail that does not yet have meaning when decisions need to be taken.
3
Q
What must data be transformed to to be useful to making decisions in a business?
A
Transformed into information.
4
Q
What is information?
A
Data that has been processed.
