Information & ICT Flashcards
Information is:
Data that has been processed into a form that assists decision-making and planning
Data is:
A collection of facts or quantities that has been assembled in some form of formal manner with the objective of processing it into specific information
Primary source of information
Info collected by the business itself, field research, first-hand info e.g. Market research data from a questionnaire, interview etc.
Secondary source of information
Information which is gathered from published resources, desk research e.g. Internet, journals
Advantages of primary information
See sheet
Disadvantages of primary information
See sheet
Advantages of secondary information
See sheet
Disadvantages of secondary information
See sheet
Internal sources of information
Info collected within the business - organisation’s internal records
External sources of information
Info collected from outside the business e.g. National statistics
Advantages of internal information
See sheet
Disadvantages of internal information
Seen sheet
Advantages of external information
See sheet
Disadvantages of external information
See sheet
Advantages of written information
Good for passing on information
Easy to be kept and used later
Easy to collect
Types of information
Written, Oral, Pictorial, Graphical, Numerical, (qualitative/quantitative)
Advantages of oral information
Good for discussions, providing advice and simple instructions
Provides an immediate response
Disadvantages of oral information
Less formal than written information
Can be easily forgotten
Written information
Info presented on paper or electronically in the form of text e.g. Email, letter, report
Advantages of pictorial information
Used for: Passing on information that can be easily remembered
Making documents more attractive
Emphasise a point
Disadvantages of pictorial information
Finding a relevant picture that effectively illustrates a point may be difficult
Advantages of graphical information
Good way to display numerical information clearly, emphasise points and make comparisons e.g. monthly sales, company performance
Oral information
Verbal and sound information communicated by voice e.g. Phone calls, meetings, conversations
Advantages of numerical information
Allows an organisation to make financial predictions, perform calculations and analyse it’s financial performance, especially if using a spreadsheet
