Which of the following is considered information that is useful for a business?
A) one week of GPS locations for delivery trucks
B) one week of sales figures in all coffee store outlets
C) incoming and outgoing office e-mail counts for one day
D) one month of golf cleat sales figures to customers over 45 in urban stores
E) annual revenues for frozen dessert market products compiled by a trade association
Answer: D
Explanation: D) Information is data that has been summarized or manipulated for use in decision making. The specificity of product (cleats), consumer age demographic (over 45), and store type (urban) offers more insight than the broad, raw data in the other options listed.
You might also like to view...
Analyzing an organization's data and identifying the relationships among the data is called _____.
Fill in the blank(s) with the appropriate word(s).
Reducing the time-to-market for a new product
a. is only possible if a company has formed strategic alliances with its suppliers. b. generally increases long-run product costs because of the need to develop new production processes. c. results in the ability of a firm to pursue a cost leadership competitive strategy. d. may result in design flaws, a need for engineering change orders, and customer "bad will."
In which of the following areas does the board determine corporate policy?
a. Selecting and removing officers. b. Determining the corporation's capital structure. c. Initiating fundamental changes and declaring dividends. d. Setting management compensation. e. All of these are determined by the board.
Imposing regulations that gradually limit the exercise of ownership rights is referred to as:
a. gradual expropriation. b. indirect expropriation. c. creeping expropriation. d. gradual nationalization.