31266- Final Exam Guide - Comprehensive Notes for the exam ( 42 pages long!)
Document Summary
Data items refer to an elementary description of things, events, activities and transactions that are recorded, classified and stored but are not organised to convey any specific meaning. examples of data items are a collection of numbers (e. g. 3. 11, Information refers to data that have been organised so that they have meaning and value to the recipient. For example, a grade point average (gpa) by itself is data, but a student"s name coupled with his or her gpa is information. The recipient interprets the meaning and draws conclusions and implications from the information. Knowledge consists of data and/or information that have been organised and processed to convey understanding, experience, accumulated learning and expertise as they apply to a current business problem. For example, a company recruiting at your school has found over time that students who average a high distinction or higher have experienced the greatest success in its management program.
