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  1. Asked: March 18, 2023

    Difference Between Data and Information.

    হোসাইন আলী Author

    Data and information are related concepts, but they have distinct differences. Here is a table that summarizes the differences between data and information: Subject Data Information Definition Raw facts and figures that have no meaning on their own data. Data that has been processed and organized toRead more

    Data and information are related concepts, but they have distinct differences.

    Here is a table that summarizes the differences between data and information:

    Subject Data Information
    Definition Raw facts and figures that have no meaning on their own data. Data that has been processed and organized to convey meaning.
    Characteristics Can be structured or unstructured, usually in the form of numbers, text, or symbols. Usually structured, organized, and presented in a meaningful way to the recipient.
    Purpose Collected for a specific purpose, such as analysis or processing used. Used to provide insights or make decisions.
    Context Meaningless without context. Contextualized and provides insights into a particular subject or situation.
    Creation Generated through observation, measurement, or other means of data collection created. Created by analyzing, interpreting, and organizing data.
    Usefulness Useful in its raw form only to those who understand its meaning. Useful to a broader audience and can be used to make decisions, solve problems, or gain insights.

    Overall, data and information are closely related but have distinct differences. Data is raw, unprocessed information that requires analysis to become meaningful, while information is processed, contextualized, and presented in a way that is useful and informative.

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  2. Asked: March 18, 2023

    State the data processing cycle.

    হোসাইন আলী Author

    The data processing cycle, also known as the information processing cycle, is a series of steps that are followed in the processing of data to convert it into useful information. The cycle consists of the following steps: Data collection: The first step in the data processing cycle is to collect datRead more

    The data processing cycle, also known as the information processing cycle, is a series of steps that are followed in the processing of data to convert it into useful information. The cycle consists of the following steps:

    1. Data collection: The first step in the data processing cycle is to collect data from various sources, such as sensors, databases, or manual entry. This data can be in various formats, such as text, numbers, images, or audio.
    2. Data preparation: Once the data is collected, it needs to be cleaned, formatted, and organized to make it suitable for processing. This step may involve removing duplicate or irrelevant data, converting data into a common format, and verifying the accuracy of the data.
    3. Data input: After the data has been prepared, it is input into a computer system for processing. This can be done through manual data entry or automated data transfer.
    4. Data processing: Once the data is input into the system, it is processed using various techniques such as sorting, filtering, summarizing, or analyzing. The purpose of data processing is to extract useful information from the data.
    5. Data output: After processing, the information is presented in a useful format, such as a report, chart, or graph. The output can be in various forms, such as printed reports, electronic files, or visual displays.
    6. Data storage: Once the data has been processed and output, it is stored for future use. This can be done in various ways, such as in a database, on a hard drive, or in the cloud.
    7. Data retrieval: When the information is needed again, it can be retrieved from storage and used for further analysis or decision-making.

    These steps may be repeated multiple times to refine the data and improve the accuracy and usefulness of the information. The data processing cycle is a continuous process that is essential for converting raw data into useful information for decision-making and other purposes.

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  3. Asked: March 18, 2023

    Describe the Qualities of good accounting information.

    হোসাইন আলী Author

    Good accounting information should possess the following qualities: Relevant: Accounting information should be relevant to the user's needs and should be capable of influencing their decisions. It should be specific to the user's requirements and presented in a clear and concise manner. Reliable: AcRead more

    Good accounting information should possess the following qualities:

    1. Relevant: Accounting information should be relevant to the user’s needs and should be capable of influencing their decisions. It should be specific to the user’s requirements and presented in a clear and concise manner.
    2. Reliable: Accounting information should be accurate, free from bias, and verifiable. It should be based on reliable sources and prepared using reliable methods.
    3. Timely: Accounting information should be available in a timely manner, so that it can be used for decision-making when needed. The information should be available before the decision is made, and delays should be minimized.
    4. Complete: Accounting information should be complete, covering all the relevant aspects of the transactions or events being reported. All relevant information should be included, and nothing should be left out.
    5. Understandable: Accounting information should be presented in a manner that is understandable to the user. It should be clear, concise, and easy to comprehend, even for those who do not have an accounting background.
    6. Comparable: Accounting information should be comparable over time and across entities. It should be possible to compare the financial performance of an entity over different periods and with other entities.
    7. Consistent: Accounting information should be consistent over time and across entities. It should be prepared using consistent accounting policies and methods, to ensure that the information is comparable and reliable.

    Overall, good accounting information should be relevant, reliable, timely, complete, understandable, comparable, and consistent. These qualities are essential for ensuring that the information is useful for decision-making and other purposes.

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  4. Asked: March 18, 2023

    Differentiate among Internet, Intranet and Extranet?

    হোসাইন আলী Author

    Internet, intranet, and extranet are three different types of networks that are used for communication and information sharing. Here are the differences between these three: Internet: The Internet is a global network of computers and servers that is accessible to anyone with an internet connection.Read more

    Internet, intranet, and extranet are three different types of networks that are used for communication and information sharing. Here are the differences between these three:

    1. Internet: The Internet is a global network of computers and servers that is accessible to anyone with an internet connection. It is a public network, and information is transmitted over the internet using standard protocols such as TCP/IP. The internet is used for various purposes, such as browsing websites, sending emails, and downloading files.
    2. Intranet: An intranet is a private network that is used within an organization. It is a closed network and can only be accessed by authorized personnel within the organization. The intranet uses the same technologies as the internet but is password protected to ensure security. An intranet is used for sharing information and collaborating within the organization.
    3. Extranet: An extranet is a private network that is used to connect an organization with its suppliers, customers, or other external entities. It allows external users to access certain parts of an organization’s intranet, usually through a secure login. An extranet is used for sharing information and collaborating with external entities.

    In summary, the internet is a public network that is accessible to anyone with an internet connection, while intranet and extranet are private networks used within an organization and between an organization and external entities, respectively. The intranet is used for sharing information within an organization, while an extranet is used for sharing information with external entities.

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  5. Asked: March 18, 2023

    Challenges of e-commerce in Bangladesh.

    হোসাইন আলী Author

      E-commerce has been growing rapidly in Bangladesh over the past few years, but there are still several challenges that the industry faces. Here are some of the major challenges of e-commerce in Bangladesh: Lack of reliable payment systems: One of the major challenges of e-commerce in BangladeRead more

     

    E-commerce has been growing rapidly in Bangladesh over the past few years, but there are still several challenges that the industry faces. Here are some of the major challenges of e-commerce in Bangladesh:

    1. Lack of reliable payment systems: One of the major challenges of e-commerce in Bangladesh is the lack of reliable payment systems. Many consumers are still hesitant to use online payment methods due to concerns about security and fraud.
    2. Poor logistics infrastructure: The logistics infrastructure in Bangladesh is still underdeveloped, which makes it difficult for e-commerce companies to deliver products to customers in a timely and cost-effective manner.
    3. Limited internet access: Despite the growing popularity of e-commerce, a large portion of the population in Bangladesh still does not have access to the internet. This limits the potential customer base for e-commerce companies.
    4. Limited product selection: Many e-commerce companies in Bangladesh focus on selling a limited range of products, such as electronics and clothing. This limits the variety of products available to consumers and can make it difficult for e-commerce companies to differentiate themselves from their competitors.
    5. Lack of trust in online shopping: Many consumers in Bangladesh are still not comfortable with online shopping and prefer to buy products in person. This makes it difficult for e-commerce companies to gain the trust of consumers and encourage them to make purchases online.
    6. Legal and regulatory challenges: There is currently a lack of clear regulations and guidelines for e-commerce in Bangladesh, which can create legal challenges for companies operating in the industry.

    Overall, these challenges make it difficult for e-commerce companies to operate in Bangladesh and limit the growth potential of the industry. However, many companies are working to overcome these challenges and the industry is expected to continue growing in the coming years.

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  6. Asked: March 18, 2023

    Elements of Accounting Information Systems.

    হোসাইন আলী Author

    An accounting information system (AIS) is a system that collects, stores, and processes financial and accounting data to produce useful information for decision-making. The key elements of an AIS are as follows: Data Input: This element includes the process of collecting and entering financial dataRead more

    An accounting information system (AIS) is a system that collects, stores, and processes financial and accounting data to produce useful information for decision-making. The key elements of an AIS are as follows:

    1. Data Input: This element includes the process of collecting and entering financial data into the system. Data input can be done manually or automatically, and may include transactions such as sales, purchases, and payments.
    2. Data Storage: The data inputted into the system is then stored in a database or other storage system. The data should be organized in a way that allows for easy retrieval and processing.
    3. Data Processing: This element involves the manipulation of data in the system to produce useful information. Data processing includes tasks such as calculating balances, generating financial statements, and creating reports.
    4. Data Output: The processed data is then outputted in the form of reports, financial statements, or other forms of information that can be used for decision-making. These outputs should be accurate, relevant, and timely.
    5. Control and Security: Control and security measures are put in place to ensure the accuracy, completeness, and reliability of the data in the system. This includes measures such as data backups, password protection, and access controls.
    6. Information Analysis: The AIS provides management with the ability to analyze the financial data in order to make informed decisions. This element includes tasks such as identifying trends, analyzing variances, and making forecasts.
    7. System Administration: System administration includes tasks such as managing user accounts, updating software, and ensuring that the system is operating efficiently.

    Overall, the elements of an AIS work together to provide an organization with accurate and timely financial information, which is essential for effective decision-making.

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  7. Asked: March 18, 2023

    Difference Between Traditional Accounting System and Computerized Accounting System.

    হোসাইন আলী Author

    Traditional accounting systems rely on manual processes for recording and managing financial information, while computerized accounting systems use specialized software to automate many of these processes. Here are some key differences between the two: Traditional Accounting System Computerized AccoRead more

    Traditional accounting systems rely on manual processes for recording and managing financial information, while computerized accounting systems use specialized software to automate many of these processes. Here are some key differences between the two:

    Traditional Accounting System Computerized Accounting System
    Speed and Efficiency Slower, manual processes for recording and managing financial information. Faster and more efficient due to automation of many tasks.
    Accuracy More prone to errors caused by human input or calculation errors. Greater accuracy due to reduced likelihood of errors.
    Flexibility Limited flexibility for customization of financial reports and other documents. More flexible and customizable financial reports and documents.
    Scalability May struggle to handle larger volumes of data. Easily handles larger volumes of data, making them suitable for growing or complex businesses.
    Security Less secure due to the risk of loss or damage to physical records. More secure with password protection and regular backups to prevent loss of data.
    Training and Support Requires less training and support, as it relies on manual processes. Requires more training and support due to the complexity of the software.

     

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  8. Asked: March 12, 2023

    What are the features of operation research approach?

    হোসাইন আলী Author

    The features of the operation research approach to problem-solving include: Quantitative Approach: Operation research involves the use of mathematical models, statistical analysis, and optimization techniques to analyze complex systems and processes. It emphasizes the use of quantitative methods toRead more

    The features of the operation research approach to problem-solving include:

    1. Quantitative Approach: Operation research involves the use of mathematical models, statistical analysis, and optimization techniques to analyze complex systems and processes. It emphasizes the use of quantitative methods to solve problems.
    2. Interdisciplinary: Operation research draws on a variety of disciplines, including mathematics, statistics, economics, engineering, and computer science. It involves collaboration between experts from different fields to develop effective solutions.
    3. Scientific Method: Operation research uses a scientific approach to problem-solving, which involves identifying the problem, formulating hypotheses, collecting and analyzing data, testing the hypotheses, and making recommendations based on the results.
    4. Systematic: Operation research is a systematic approach that involves breaking down complex problems into smaller components, and then solving each component separately before integrating the solutions into a comprehensive solution.
    5. Objective: Operation research aims to find the best possible solution to a problem, given the available resources, constraints, and objectives. It is based on the principle of maximizing or minimizing a specific objective function.
    6. Practical: Operation research aims to find practical solutions that can be implemented in the real world. It considers real-world constraints, such as time, budget, and resource limitations, when developing solutions.

    Overall, the operation research approach is a rigorous and systematic approach to problem-solving that emphasizes the use of quantitative methods and interdisciplinary collaboration to find practical and effective solutions.

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  9. Asked: March 12, 2023

    What is operation research ?

    হোসাইন আলী Author

    Operations research (OR) is a quantitative approach that uses mathematical models, statistical analysis, and optimization techniques to help organizations make informed decisions and solve complex problems. It involves the application of scientific and mathematical methods to analyze business procesRead more

    Operations research (OR) is a quantitative approach that uses mathematical models, statistical analysis, and optimization techniques to help organizations make informed decisions and solve complex problems. It involves the application of scientific and mathematical methods to analyze business processes and systems, and to identify optimal solutions for improving efficiency, reducing costs, and maximizing performance.

    OR draws on a variety of disciplines, including mathematics, statistics, economics, engineering, and computer science, to develop models that can be used to analyze and optimize complex systems and processes. The goal of OR is to find the best possible solution to a problem given the available resources, constraints, and objectives. OR techniques can be applied to a wide range of problems, including production planning, logistics and supply chain management, financial analysis, marketing and sales, and healthcare management, among others.

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  10. Asked: March 11, 2023

    বঙ্গবন্ধু-ট্রুডো কৃষি প্রযুক্তি কেন্দ্র কোথায় অবস্থিত?

    হোসাইন আলী Author

    গাজীপুরে বাংলাদেশ ধান গবেষণা ইনস্টিটিউটে বঙ্গবন্ধু-পিয়েরে ট্রুডো কৃষি প্রযুক্তি কেন্দ্র অবস্থিত। এর উদ্বোধন করেন মাননীয় প্রধানমন্ত্রী শেখ হাসিনা।

    গাজীপুরে বাংলাদেশ ধান গবেষণা ইনস্টিটিউটে বঙ্গবন্ধু-পিয়েরে ট্রুডো কৃষি প্রযুক্তি কেন্দ্র অবস্থিত। এর উদ্বোধন করেন মাননীয় প্রধানমন্ত্রী শেখ হাসিনা।

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