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qwelly [4]
4 years ago
6

1. Discuss the relationship between data, information, and knowledge.

Business
1 answer:
Margarita [4]4 years ago
3 0

Answer:

Data are set of values or raw facts that are meaningless, Information is data that has been processed in some way or data that has been given a context. Knowledge is gotten from information by making rules to it. Knowledge always needs a rule.

Explanation:

(1) Data:

Data are a set of values or raw facts and figures.

Data are raw facts that are not useful because they lack relevance. the data can be words, numbers, images or sound

Information:

Information is either data that has been processed in some way or data that has been given a context or Examples of ways in which data can be processed are displaying the information clearly in a table, performing calculations, sorting the data.

Knowledge:

Knowledge is gotten from information by applying rules to it. knowledge always needs a rule.

Data, information and knowledge are three main building blocks that make up a much bigger picture.

Data is simply a description of something that is then saved but not in an orderly manner. Information is an organized data that is useful. Knowledge is that data/information that is organised and then processed to make a better understanding. It is known that the three components works together.  

With data being the first in the process. once the data has been classified, recorded and stored, it can then go on to the next phase of information. once the information has been organised in an orderly manner then it moves to the final phase of knowledge.

(2) In the world, an information in an organization or most likely knowledge is one of the most important resources, organizational capacities are based after the specific competencies in sharing and integrating information and knowledge.

Thus, most systems and knowledge writing attempts are not successful. in some cases, where there is technological or IT deficiencies included, the purpose of sharing is rarely attained and even reaching relative success is not simple (Hislop, 2002). the change in advancement is a unique characteristic of this new modern era, referred to as the grow older of information.  

Organizations of this modern age are faced with the challenges of active stability at various levels.  

Today, organizations are faced with such extensive amount of information and relief of knowing that controlling and using them effectively has become one of their major concerns. Operator’s knowledge based.

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B MC Qu. 7-200 Krepps Corporation produces ... Krepps Corporation produces a single product. Last year, Krepps manufactured 29,0
Gwar [14]

Answer:

a) $158.41

Explanation:

Unit product cost under absorption costing = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead / Total manufactured units

= (214,674 + 121,842 + 243,684 + 319,110) /29,010

= $899,310 / 29,010 unit

= $31 per unit

Ending inventory = $29,010 - $23,900 / $31

= $5110 * 31 per unit  

= $158,410

8 0
3 years ago
Heatherbrae Co. uses the units-of-production method to estimate depreciation. The company purchased a new machine for $48,000 th
FrozenT [24]

Answer:

Depreciation per unit= 0.133 (Approx)

Explanation:

Given:

Cost of machine = $48,000

Total unit produced = 330,000 units

Residual value of the machine = $4,000.

Depreciation rate per unit = ?

Computation of depreciation rate per unit:

Depreciation per unit = (Cost of machine - Salvage value) / Total unit produced

Depreciation per unit= ($48,000 - $4,000) / 330,000 units

Depreciation per unit= ($44,000) / 330,000 units

Depreciation per unit= 0.133 (Approx)

7 0
3 years ago
What are the consequences of a global basket of currencies in the world?
dlinn [17]

A currency basket is a collection of various currencies with varying weightings. It is frequently used to determine the market value of another currency, a procedure known as currency peg. Forex traders may also use basket orders to trade many currency pairs at the same time.

Currency baskets are also used in contracts to minimize (or reduce) the risk of currency changes. Currency baskets include the European currency unit (which was replaced by the euro) and the Asian currency unit. The most well-known currency basket, though, is the US dollar index (USDX).

The drawbacks are:

  • The first thing to make is that a basket currency peg system is opaque.
  • The second issue is that an intermediate regime often limits certain sorts of policy collaboration and may even allow policy conflict.
  • The third drawback, and arguably the most important, is that the basket currency system makes no declaration of the criteria governing management.

To know more about currency basket click here:

brainly.com/question/16292202

#SPJ4

5 0
2 years ago
Which of these is NOT an example of a fixed expense in a budget?
STatiana [176]
D) expenses for a birthday party
5 0
4 years ago
Read 2 more answers
PLEASE HELP ME!!! (3 questions and each question is in the picture)
Otrada [13]

Explanation:

1) 35 lawns x 12 weeks = 420 lawns total

420 x $24.25 = $101.85

2) 20 lawns x 12 weeks = 240 lawns total

240 x $24.25 = $58.20

3) 5 lawns x 12 = 60 lawns total

60 x $24.25 = $14.55

————————————————————————————————————————

1) Fixed cost: 420 + variable cost: $24.25

Total cost: $101.85

2) Fixed cost: 240 + variable cost: $24.25

Total cost: $58.20

3) Fixed cost: 60 + variabl cost: $24.25

Total cost: $14.55

————————————————————————————————————————

I’m not sure About the last one sorry.

4 0
3 years ago
Read 2 more answers
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