How Do Data and Information Differ

question 48

Multiple Choice

How do data and information differ?

• A) data are a body of facts in a format suitable for decision making, while information is simply facts
• B) they are the same
• C) data are simply facts; information is a body of facts in a format suitable for decision making
• D) data are associated with decision support systems; information is associated with ERP systems

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Definitions:

Balance Sheet

A financial statement summarizing a company's assets, liabilities, and equity at a specific point in time.

Cost Of The Resource

The total financial investment required to acquire, maintain, and operate a resource over its useful life.

Depletion

The allocation of the cost of natural resources over their useful life, reflecting the consumption of the resource.

Metal Ores

Naturally occurring minerals from which metals can be extracted economically.