RELEVANT AND IRRELEVANT INFORMATION 1. It is easy to understand why Mrs. Smith is always so busy between 5:45 and 7:45 in the evening. At about 5:45 she has to start cooking because Mr. Smith gets home from work at 6:30 and wants his dinner soon after he arrives. At the same time she has to keep an eye on her two sons to see that they do their homework. At 6:15 it is time for the baby to be fed‚ bathed‚ and then put to bed. The two boys have to be ready for bed at about 7:15‚ and if Mrs. Smith does
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Cost Accounting: A Managerial Emphasis Chapter 11 Decision Making and Relevant Information Copyright © 2013 Pearson Canada Inc. 11 - 1 Cost Accounting: A Managerial Emphasis Decision Model • The process of making a choice‚ often involving both quantitative and qualitative analyses • Quality of the choice depends upon the qualify of the information obtained – Perfect information is never available 1 Copyright © 2013 Pearson Canada Inc. 11 - 2 Cost Accounting: A Managerial Emphasis Decision
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IT: What is the difference between Information Systems and Information Technology? In: Computer Terminology‚ Technology‚ Information Technology [Edit categories] Answer: Information Systems is a large umbrella referring to systems designed to create‚ store‚ manipulate‚ or disseminate information. Example of an information system is a pencil and a piece of paper. The two objects themselves are just tools‚ but together they create a system for writing (information). The term Information systems has been
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CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-16 (20 min.) Disposal of assets. 1. This is an unfortunate situation‚ yet the $75‚000 costs are irrelevant regarding the decision to remachine or scrap. The only relevant factors are the future revenues and future costs. By ignoring the accumulated costs and deciding on the basis of expected future costs‚ operating income will be maximized (or losses minimized). The difference in favor of remachining is $2‚000: (a) (b) Remachine Scrap
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1. Why is it important to understand the difference between computer literacy and information literacy? The difference between computer literacy and information literacy is as follows: Information literacy is the ability to access‚ organize‚ evaluate and use information from various sources. Computer literacy is having the knowledge to use technology in order to manipulate computer software or hardware. There is a strong correlation between the two‚ but they are still different. Both
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is the difference between Data‚ Information and Knowledge? Data‚ information and knowledge are often referred to and used to represent the same thing. However‚ each term has its own meaning. By defining what data‚ information and knowledge mean individually‚ a greater understanding can be reached. It is also important to look at how they interact with each other. Knowledge‚ by definition‚ is the theoretical or practical understanding of a subject. It is the acquisition of information through
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from years to know ‚ what is the difference between computer science and information technology . They both looks same ‚ their contents are also almost similar . But there is difference between computer science and information technology ‚ and both are not the same things as we most of us think . “Computer Science” is the mixture and application of “Applied Mathematics”‚ “Electrical Engineering“‚ and “Complexity Theory/Algorithms” to understand and/or model information. In other words‚ the “field of
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The differences between data and information: a short analysis What is data? I have researched on the Internet and in books for the meaning and description of data and there are a variety of meanings and some are very misleading the best two meanings I found were “data consists of random (or a set of random) unprocessed facts with little or no intrinsic value”(S. Yull‚ T. Stump p-6) and “Data: the raw facts and figures a computer accepts as input and then processes to produce useful information”
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Relevant Information-Apollo Shoe GA-3 Information Relevant to 2011 Audit Audit Action Recommended Pressure to meet sales targets GA 3-1 Increase procedures related to existence of sales and valuation of receivables‚ as well as cutoff Purchase of equipment GA 3-1 Verify through invoices and receiving reports if equipment purchased during the year Verify terms of refinancing for accuracy as well as interest payments. Line of credit refinanced GA 3-1 Did they pay note on Jan. 1‚ 2012 or refinance
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SECURITY TELECOMMUNICATIONS AND INFORMATION SYSTEMS SECURITY NATIONAL TRAINING STANDARD FOR INFORMATION SYSTEMS SECURITY (INFOSEC) PROFESSIONALS NSTISS NATIONAL SECURITY TELECOMMUNICATIONS AND INFORMATION SYSTEMS SECURITY NATIONAL MANAGER FOREWORD 1. This instruction provides the minimum course content for the training of information systems security (INFOSEC) professionals in the disciplines of telecommunications security and automated information systems (AIS) security. 2. Representatives
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