To Be Useful the Information Outputs of a System Should

question 147

Multiple Choice

To be useful the information outputs of a system should be

• A) relevant reliable timely and accurate.
• B) reliable flexible understandable and timeless.
• C) such that one report meets all different users needs.
• D) distributed only to management personnel.

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Definitions:

Equal Payments

Regular payments of the same amount made over a specified period, often used in loans and annuities.

Loan Repaid

The process of paying back borrowed money to the lender, typically including both the original principal amount and accrued interest.

Simple Annual Rate

The interest rate without compounding, indicating the flat yearly cost of borrowing or the annual rate of interest paid on an investment.

Interest Earned

Interest earned is the amount of money gained as interest from savings accounts, investments, or bonds over a certain period.