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MGT449 Wk 4 DQ 3


MGT449 Wk 4 DQ 3 fin571

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MGT449 Wk 4 DQ 3
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This 0 page Study Guide was uploaded by an elite notetaker on Wednesday November 11, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 24 views.


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Date Created: 11/11/15
Q What is the difference between data and information How does data become useful information to improve the quality in your organization Ans Data is basically the raw information whereas information is the refined form Data is collected then processed and converted into information When data is processed manipulated and organized it converts into information This data and information helps the organizations at various steps and in various procedures When we find out anything then it may be considered as data but when it is processed and then organized it becomes information Data is required by every company to make all the decisions No decision can be made without considering the fats and the figures and this data is actually those fats and figures This data is required for the improvement process and is stored in the system While making any decision this data is retrieved and from it the relevant information is derived thus forming the base of the decision By storing the data one more benefit could be to compare the present and the past trends which also show the performance of the company


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