Determine If the Following Is Data, Information or Knowledge

question 14

Short Answer

Determine if the following is data, information or knowledge.
$$\begin{array} { | l | l | } \hline \text { Data } & \begin{array} { l } \text { This is the third visit by a customer this } \\\text { month. }\end{array} \\\hline \text { Infornation } & \begin{array} { l } \text { A customer spends on average } \\\text { \$100/visit but today has only spent \$20. }\end{array} \\\hline \text { Krowledge } & \begin{array} { l } \text { A customer will stay longer in the store } \\\text { and spend more if given a free sarnple } \\\text { of something. }\end{array} \\\hline\end{array}$$

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Definitions:

Management Team

The group of individuals responsible for the strategic planning and day-to-day operations of a company.

Business Plan

A document projecting a firm’s physical and financial performance into the future. Business plans can be short or long range. Long-range plans are “strategic” and tend to be more verbal than financial. Shorter-term plans are described as “operational,” and detail the more routine running of the business.

Dividend Policy

A company's strategy or guidelines dictating how often dividends will be paid to shareholders, the form of the dividend, and how much will be distributed.

Contingencies

Potential events or conditions that may occur in the future and could impact the financial performance or operations of a business.