When Data Are in a Form That Is Valuable to a Manager

question 50

Multiple Choice

When data are in a form that is valuable to a manager in making decisions and performing related tasks, it is called ________.

• A) reports
• B) information
• C) statistics
• D) analysis

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Definitions:

Creative Destruction

The process through which new innovations lead to the demise of older technologies, promoting progress and economic growth.

Diffusion

The process by which an innovation is communicated through certain channels over time among the members of a social system.

R&D

Short for Research and Development, involving investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Invention

The creation of a new product, system, or process that has never before been made and is recognized as the product of some unique insight.