Shared Flashcard Set

Details

Chapter 1
Terms and Key Concepts
8
Management
Undergraduate 4
09/13/2011

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Cards

Term
fact
Definition
the confirmation or validation of an event or object
Term
data
Definition
raw facts that describe the characteristics of an event or object
Term
information
Definition
data converted into a meaningful and useful context
Term
variable
Definition
data characteristic that stands for a value that changes or varies over time
Term
business intelligence (BI)
Definition
information collected from multiple sources such as suppliers, customers, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making.
Term
knowledge
Definition
includes skills, experience, and expertise, coupled with information and intelligence that creates a persons intellectual resources.
Term
knowledge workers
Definition
individuals valued for their ability to interpret and analyze information.
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