Discuss the common definitions of information
What will be an ideal response?
The most common definition of information is that information is knowledge derived from data, whereas data is defined as recorded facts or figures. Another common definition is that information is data presented in a meaningful context. A third definition of information that one often hears is that information is processed data, or sometimes, information is data processed by summing, ordering, averaging, grouping, comparing, or other similar operations. The fundamental idea of this definition is that individuals do something to data to produce information.
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The term "inventory," for a merchandiser, refers to ________
A) raw materials that are used for production B) equipment that are used in production process C) the cost of goods sold D) goods held for sale to customers
The market value of common stock is completely unrelated to its par value
Indicate whether the statement is true or false