ACCA MA · Chapter 1 · Question 1 of 10
Which of the following best describes the difference between data and information?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Information is data that has been processed so that it is meaningful and useful to the person receiving it
Explanation
Data are unprocessed facts and figures. Once data has been sorted, analysed and presented in a way that is useful to a recipient for a purpose, it becomes information. Both data and information can be internal or external, and financial or non-financial.
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