Define Data and Information and Say Something About Their Importance

question 8

Essay

Define data and information and say something about their importance to managers.With an example, differentiate data and information.

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Definitions:

Reorganization Plan

A process aimed at restructuring a company's operations, services, or financials to increase efficiency or to recover from financial hardship.

Foreclosure

is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.

Chapter 13

Refers to a type of bankruptcy process codified in the United States Bankruptcy Code, allowing for the repayment of some or all debt over time.

Occupational Safety

Practices and policies in place to ensure the health and safety of employees in the workplace.