the activity by which consumers receive, organize, and interpret information to form judgments from various sources, such as advertising, sales promotion, or friends, in the process of making marketplace decisions and choices; heavily influenced by the importance of the particular decision being made by the consumer, i.e., whether it is a high-involvement or low-involvement purchase decision or whether it is complex or limited problem-solving. Also referred to as cognitive processing. See cognitive learning theory and cognitive responses.
In general, information processing is the changing (processing) of information in any manner detectable by an observer. As such, it is a process which describes everything which happens (changes) in the universe, from the falling of a rock (a change in position) to the printing of a text file from a digital computer system. In the latter case, an information processor is changing the form of presentation of that text file.
A general term for the presumed operations whereby the crude raw materials provided by the senses are refashioned into items of knowledge. Among these operations are perceptual organization, comparison with items stored in memory, and so on.
In the context of Control Activities and Sec 404, performed to check accuracy, completeness and authorization of transactions. Broadly break down into two groups:- Application controls and general controls.