Created by dominszreder
almost 10 years ago
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Question | Answer |
Give 3 reasons to why Good Quality information is valuable to an organisation. | Any of the following: -Aids the decision making. -helps monitor progress. -minimises wste by helping target resources. -helps gain a competitive advantage. -helps to spot trends. |
What are the 3 characteristics of Good Quality Information? | All of the following: -up to date -accurate -complete |
What 3 types of costs are associated with obtaining good quality information? | All of the following: -Financial Costs -Time Costs -Human Resource Costs |
Give 4 areas in which costs can be incurred. | -Data Collection (Direct and Indirect) -Data Entry -Data Processing -Data Maintenence |
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