Module ICT1-02 - Value and Importance of Information

looks at the use of information of a commodity and the effect of how it is collected on its value.

The module is split into a number of sections which are intended to be used for reading prior to attempting the assessment questions provided. Additional items of research are provided to give background information from other sources such as books and related Internet sites.

Specification:

10.2 Value and importance of information

• Understand that information is a commodity and as such can have a monetary value, the level of which depends on its accuracy, its potential use and its particular intended use.
• Describe the overheads involved in ensuring that information is up-to-date.

Module Content:

1. Value and Importance of Information - Notes

Additional Information:

© LEV