What Is the Difference Between Data and Information

question 78

Multiple Choice

What is the difference between data and information?

• A) Data represents a fact. Information is data that has been organized.
• B) They are essentially the same thing.
• C) Data is numbers. Information is words.
• D) Data represents a process. Information is the stored data.

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Definitions:

Moral Hazard

The situation where one party is more likely to take risks because they do not bear the full consequences of their actions.

Shirking

Avoiding or neglecting duties, responsibilities, or work, often covertly, to reduce personal effort while still receiving compensations or benefits.

Working Diligently

Refers to the act of putting consistent and earnest effort into one's tasks or duties.

Moral Hazard

A scenario in which an entity is prone to engage in risky behaviors knowing that another party will shoulder the consequences of such risks.