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Chapter 1

Management information

You can see that the key to a successful business is good decision-
making and the key to good decision-making is good, relevant
information.

2.1 Data and information

Thanks to technological advances, the operations of organisations generate a huge
quantity of data. Data consist of raw facts and statistics before they have been
processed. Once data have been processed into a useful form, it can be called
information.

Processing
DATA INFORMATION

Illustrations and further practice

Now try TYU question 1 from Chapter 1

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