Unit 2 - LO5 Understand the Process Flow of Information

Question 1

Information sources and data types

Answer 1

. Internal sources
. External sources
. Primary data
. Secondary data
. Qualitative and Quantitative data

Question 2

Internal sources

Answer 2

This is information that comes from within an organisation.

Question 3

External sources

Answer 3

This is information that comes from outside an organisation.

Question 4

Primary data

Answer 4

This is the data that you collect, rather than buying it from a third party.

Question 5

Secondary data

Answer 5

This is data that has been collected by others outside the organisation.

Question 6

Qualitative and Quantitative data

Answer 6

. Qualitative data describes

. Quantitative data has been collected by measurement.

Question 7

Purpose

Answer 7

Different data sources provide different types of data that suit different needs.