Value and importance of data 0.0 / 5 ? ICTData and InformationASWJEC Created by: ryanh2197Created on: 14-01-14 20:17 Name and describe 4 characteristics of good quality data Accurate, Relevant, Up-to-date, Understandable and correctly targeted and Confidence 1 of 6 Name the 3 costs of obtaining good quality information Human resources, Financial and time 2 of 6 Why does information need to be accurate? Use an example Information received must be accurate (There is no use calculating wage bills with wrong pay rates 3 of 6 Name a human resource cost of collecting data Takes a lot of staff to collect information 4 of 6 Name a financial cost of obtaining good quality information Staff must be paid to collect and enter the information 5 of 6 Give an example of a time cost Takes a lot of time to collect information 6 of 6
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