AS ICT - Topic 2: The Importance of Up-To-Date, Accurate & Complete Information

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Flashcards by dominszreder, updated more than 1 year ago
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A Level ICT, Business Studies, Mathematics and 3D Design AS ICT Flashcards on AS ICT - Topic 2: The Importance of Up-To-Date, Accurate & Complete Information, created by dominszreder on 01/05/2015.

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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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