Describe the Information Age and the Differences Among Data, Information

question 35

Essay

Describe the information age and the differences among data, information, business intelligence, and knowledge.

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Definitions:

Material Misrepresentation

A false statement or omission of fact that significantly affects a party's decision-making in a transaction.

Voidable

A legal term for a contract or transaction that, while valid, may be annulled or rescinded by one of the parties due to certain conditions such as fraud, duress, or mistake.

Mutual Assent

An agreement between two or more parties manifested by an offer and acceptance, which forms the basis of a contract.

Legality

Conformity with the law or adherence to lawful requirements.