Topic 2: The Value and Importance of Good Quality Information

How information aids decision making (general)

4 key things that good quality information allows you to do

Give example for monitoring progress in a supermarket

Give example for spot trends in a supermarket

Give example for the targeting of resources in a supermarket

What do the 4 key things provide overall to the organisation and give example

Name and describe the key things that good quality information must be

Give example for accurate

Give 2 example for relevant (supermarket and solicitors)

Give example for up-to-date in a supermarket

Give example for complete in solicitors

Give example of correctly targeted in a solicitors

Give example for understandable in a supermarket

Human resource cost for data collection

Human resource cost for data entry

Human resource cost for Data Processing/Maintenance

Time cost for data collection

Time cost for data entry

Time cost for data maintenance/processing

Financial cost for data collection

Financial cost for data entry

Financial cost of data processing/maintenance