Author Question: Define information and explain its characteristics. What will be an ideal ... (Read 96 times)

xroflmao

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Define information and explain its characteristics.
 
  What will be an ideal response?

Question 2

Disintermediation is the elimination of middle layers of distributors and suppliers.
 
  Indicate whether the statement is true or false



Pariscourtney

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Answer to Question 1

A common definition for information is knowledge derived from data, whereas data is defined as recorded facts or figures. First, information is not data, it is something more. What makes information more is that it is meaningful. Second, because meaning is in the eye of the beholder, information varies from person to persondifferent people often have different information. Finally, information resides in the head of the person looking at the data. If it's on a piece of paper or on a digital screen, it's data; if it's in the mind, it's information.

Answer to Question 2

TRUE



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xroflmao

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Pariscourtney

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