Analysing and Evaluating Information (LC 2027) (Leaving Cert Business): Flashcards

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Analysing and Evaluating Information
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Analysis definition

Examining data systematically to find patterns, trends, relationships

Evaluation definition

Measuring success/value of findings against specific criteria

TIME step in analysis framework

Identify year or month when statistics were collected

TREND step in analysis framework

What happened to data - increase, decrease, or stable?

WHY step in analysis framework

Provide possible reason why changes occurred

THEORY step in analysis framework

Link findings to business theory studied

Oral communication key advantage

Fast and immediate delivery

Written communication key advantage

Provides permanent record for future reference

When to use pie charts

To show parts of a whole or percentages/proportions

Conclusions must include

Specific examples, facts, or information from investigation

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