What role does quality information play in decision making? Please explain in detail.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 21P
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  • What role does quality information play in decision making? Please explain in detail.
  • Define and describe knowledge, information and data in a general sense, as well as providing specific examples for a business of your choice.
  • Describe how the current technology in use assists the use of the knowledge, information and data and how useful are the three for better output.
  • Propose how the knowledge needed in jobs contributes to organisational and personal operational efficiency and strategy.
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