Defining the Needs of Each Part of a Business for Information

question 2

True/False

Defining the needs of each part of a business for information and its processing and use is the final step in designing an information system.

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Definitions:

Creditor/Debtor Transaction

A financial agreement involving a creditor providing funds or resources to a debtor who in return promises to repay the creditor.

Real Property

Immovable property such as land, buildings, and other structures that are permanently attached to the land.

Chose in Action

A personal right not attached to any physical property, recoverable by a lawsuit, such as debts, copyrights, or patents.

Chattels

Personal property that is tangible and movable.