Flashcards
The Value and Importance of Information
Cards in this deck (10)
- 1State 3 factors that effect quality of informationUp-to-Date
Complete
Accurate - 2Why does data have to be up-to-date?E.g. If someone dies they wouldn't still want to receive letters.
Data should be stamped to be useful - 3Why does data have to be complete?E.g. If someone forgets to add the postcode to a parcel then the parcel is delayed.
All information is needed - 4Why does data have to be accurate?E.g. If a company has the wrong address then the customer won't receive their items.
Information must be error free - 5Why is complete beneficial to an organisation?1. Complete information aids decision making.
2. Able to target resources to gain a competitive advantage. - 6Why is up-to-date beneficial to an organisation?Easier to monitor progress of the company and look at how many staff are hitting targets
- 7Why is accurate beneficial to organisations?Easier to monitor progress of the company
- 8State the cost, time and human resources for data collectionCost - consumables (ink and paper)
Time - Marketers travel to interview people
Human resources - staff will need training for interview techniques - 9State the cost, time and human resources for data entryCost - expensive hardware
Time - entering data through keyboard
Human resources - cost of training staff - 10State the cost, time and human resources for processingCost - data to be analysed
Time - batch processing data takes time
Human resources - staff will need training
Information
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- 2 The vale and importance of information 2.1 Good quality information and the costs of getting it
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- 09shor1r
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