GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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consists of getting the most amount of information possible from a situation
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plays an essential role in how today’s businesses function and communicate with others around the world; is relied upon by businesses to help them operate more efficiently and effectively; enables people in the workplace to work faster, more accurately and, in some cases, in ways previously not possible
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the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
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causing a result; especially the desired or intended result
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organizations compete around the world; organizations sell products in foreign countries
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Detailed explanation-1: -Data interpretation refers to the process of using diverse analytical methods to review data and arrive at relevant conclusions. The interpretation of data helps researchers to categorize, manipulate, and summarize the information in order to answer critical questions.
Detailed explanation-2: -There are four steps to data interpretation: 1) assemble the information you’ll need, 2) develop findings, 3) develop conclusions, and 4) develop recommendations. The following sections describe each step. The sections on findings, conclusions, and recommendations suggest questions you should answer at each step.
Detailed explanation-3: -In data analytics and data science, there are four main types of data analysis: Descriptive, diagnostic, predictive, and prescriptive.
Detailed explanation-4: -Analyse. Examine each component of the data in order to draw conclusions. Interpret. Explain what these findings mean in the given context. Present. Select, organise and group ideas and evidence in a logical way.