3. Classify each of the following as either data or information. Explain your an

Question

3. Classify each of the following as either data or information. Explain your answer . a. Financial statements of a publicly traded company b. Consultant’ s report on the adequacy of a company’s computer systems c. Accountants’ opinion on the reasonableness of a tax strategy d. A company’ s general ledger e. Census report on population growth and income f. Manufacturer’ s monthly product defect report g. Monthly bank statement h. Investment advisor portfolio analysis

4. Describe the customer value imperative as it relates to each of the following businesses today . Address all three consumer expectations of the customer value imperative. a. Pizza parlor b. Movie theater

Explanation / Answer

Answer)

3. Classify each of the following as either data or information. Explain your answer .

a. Financial statements of a publicly traded company - This is a information since financial statements are useful and usually formatted in a manner that allows it to be understood by a human. Thus this kind of is information.

b. Consultant’ s report on the adequacy of a company’s computer systems - A report also consists of information since it is formatted and human readable and has a informative part and not raw data.

c. Accountants’ opinion on the reasonableness of a tax strategy - A opinion doesn't have any format and thus it is Data. Converting the opinion into a report which has a format would be an information.

d. A company’ s general ledger - A general ledger is a format which contains information about the company's finances and thus this is Information.

e. Census report on population growth and income - This is also Information since report on population growth and income follows a format which deems it as a information and not raw data.

f. Manufacturer’s monthly product defect report - Generally all types of reports are Information as they follow a particular format. Manufacturer’s monthly product defect report is also information.

g. Monthly bank statement - Monthly bank statement in the bank records also is Information as it follows a particular format and allows it to be understood by a human or computer in a format.

h. Investment advisor portfolio analysis - This is Data as analysis solely isn't information. If the analysis is documented into a format then it is Information.

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