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Data Must Be Converted into Information to Be Considered Useful

question 15

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Data must be converted into information to be considered useful and meaningful for decision making.There are seven characteristics that make information both useful and meaningful.If information is free from error or bias and accurately represents the events or activities of the organization,it is representative of the characteristic of

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Definitions:

Advantages

Benefits or favorable factors that contribute to success in a competitive situation or to achieve a goal.

Disadvantages

Conditions or situations that place someone or something at a lesser advantage compared to others.

Several Houses

A phrase referring to more than one residential dwelling.

Framing Effects

The phenomenon where people's decisions and preferences can be significantly influenced by the way information, choices, or situations are presented.

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