Briefly Distinguish Between Data, Information, and Knowledge

question 61

Essay

Briefly distinguish between data, information, and knowledge.

---

Definitions:

Investment

The act of allocating resources, usually money, with the expectation of earning an income or profit.

Analytical Methods

Techniques or procedures used to systematically analyze substances, financial data, or information to deduce qualitative and/or quantitative insights.

Project Analysis

The evaluation of the viability, stability, and profitability of a project through methods like cost-benefit analysis and risk assessment.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's cost.