Describe the information age and the differences between data, information, business intelligence, and knowledge.
What will be an ideal response?
We live in the information age, when infinite quantities of facts are widely available to anyone who can use a computer. The core drivers of the information age include data, information, business intelligence, and knowledge. Data are raw facts that describe the characteristics of an event or object. Information is data converted into a meaningful and useful context. Business intelligence (BI) is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. Knowledge includes the skills, experience, and expertise, coupled with information and intelligence that creates a person's intellectual resources. As you move from data to knowledge you include more and more variables for analysis resulting in better, more precise support for decision making and problem solving.
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Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology
Indicate whether the statement is true or false
Use this information pertaining to Tucson Company to answer the following question. 1. The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600. There were $600 of supplies on hand at year end. 2.Depreciation on a building is estimated to be $10,000. 3.A one-year insurance policy was purchased for $4,800. Five months have passed since the
purchase. 4.Accrued interest on a note receivable amounted to $200. 5.The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-third of the services had been performed. The adjusting entry for the insurance policy is A) Prepaid Insurance 2,800Insurance Expense 2,800 B) Insurance Expense 2,800Prepaid Insurance 2,800 C) Prepaid Insurance 2,000Insurance Expense 2,000 D) Insurance Expense 2,000Prepaid Insurance 2,000
The specific identification inventory method should be used when the inventory consists of identical, low cost units that are purchased and sold frequently
Indicate whether the statement is true or false
The process improvement plan defines the acceptable level of quality in a project in accordance with the requirements of the customers and describes how the project will ensure an acceptable level of quality in its deliverables and processes
Indicate whether the statement is true or false