24) What is knowledge?
A) raw facts that describe the characteristics of an event or object
B) data converted into a meaningful and useful context
C) information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
D) skills, experience, and expertise, coupled with information and intelligence, which create a person’s intellectual resources
25) Which of the following is considered information?
A) quantity sold
B) date sold
C) best-selling item by month
D) product sold
26) Which of the following is considered data?
A) quantity sold
B) best customer by month
C) best-selling item by month
D) worst-selling item by month
27) Cheryl Steffan is the operations manager for Nature’s Bread Company, which specializes in providing natural products for health-conscious individuals. Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company’s profitability and forecast production for the next day. Which of the following is an example of a piece of data Cheryl would be using to successfully perform her job?
A) Craig Newmark is customer number 15467.
B) compare the costs of supplies, including energy, over the last five years to determine the best-selling product by month
C) best-selling product by day
D) best-selling product changes when Tony the best baker is working
28) Cheryl Steffan is the operations manager for Nature’s Bread Company, which specializes in providing natural products for health-conscious individuals. Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company’s profitability and forecast production for the next day. Which of the following is an example of the type of information Cheryl would be using to successfully perform her job?
A) Craig Newmark is customer number 15467.
B) Flour Power is supplier number 8745643.
C) best-selling product by day
D) best-selling product changes when Tony the best baker is working
29) Cheryl Steffan is the operations manager for Nature’s Bread Company, which specializes in providing natural products for health-conscious individuals. Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company’s profitability and forecast production for the next day. Which of the following is an example of knowledge that Cheryl would be using to successfully perform her job?
A) Craig Newmark is customer number 15467.
B) Flour Power is supplier number 8745643.
C) best-selling product by day
D) best-selling product changes when Tony the best baker is working
30) Data is useful for understanding individual sales, but to gain deeper insight into a business, data needs to be turned into information. Which of the following offers an example of turning data into information?