EBK USING MIS
EBK USING MIS
10th Edition
ISBN: 8220103633642
Author: KROENKE
Publisher: YUZU
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Chapter 1.7, Problem 6ARQ
Program Plan Intro

Data:

  • Data are facts or figures, which are recorded, and information is the knowledge derived from the data.
  • When the data is summarized, ordered, grouped, averaged or compared, it is referred as Information as knowledge can be extracted from it.

Characteristics of a good data:

  • Data must be “Timely”.
  • Data must be “Accurate”.
  • Data must be “Relevant”.
  • Data must be “Sufficient”.
  • Data must be “Worth” its cost.

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