What is the difference between data and information?
a. Data are only used when discussing a firm's profits or losses; while, information is only discussed when
describing a company's competitive edge.
b. Data and information are the same with respect to discussions about management and accounting information.
c. Information is used when discussing a firm's profits or losses; while, data are discussed when describing a
company's competitive edge.
d. Information is numerical or verbal descriptions that usually result from some sort of measurement; while, data
are presented in a form that is useful for a specific purpose.
e. Data are numerical or verbal descriptions that usually result from some sort of measurement. Information is
data presented in a form that is useful for a specific purpose.