The Key Distinction Between Data and Information Is That Data

question 183

Multiple Choice

The key distinction between data and information is that data

• A) are facts and figures that have been stored in databases so that they can be accessed and manipulated by a computer while information has not been.
• B) is less reliable than information because its accuracy has not been verified.
• C) is mathematical in nature while information is verbal in nature.
• D) are raw, unanalyzed facts and figures while information is data that has been processed and summarized so that is can be used by decision makers.

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Definitions:

Division's Margin

The profit generated by a specific division within a company after direct costs and expenses attributable to that division are subtracted.

ROI

Return on Investment, a performance measure used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.

Investment Opportunity

A financial investment or venture that has the potential to yield returns.

Manufacturing Cycle Efficiency (MCE)

A performance metric that measures the proportion of production time that is actually spent on value-added activities.