The System Within a Business for Converting Raw Data from Source

question 37

Multiple Choice

The system within a business for converting raw data from source documents (like invoices,sales receipts,bills,and checks) into information that will help a manager make business decisions is known as a/an

• A) Computer system
• B) Accounting system
• C) Record system
• D) Data system

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Definitions:

Q

Generally denotes quantity in economic and mathematical models, referring to the amount of goods or services.

School of Thought

A particular philosophy or a specific way of thinking that is characteristic of a certain group or period.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Velocity of Money

The rate at which money circulates in the economy, typically measured as the ratio of GDP to the national money supply.