The Key Distinction Between Data and Information Is That Data

question 183

Multiple Choice

The key distinction between data and information is that data

• A) are facts and figures that have been stored in databases so that they can be accessed and manipulated by a computer while information has not been.
• B) is less reliable than information because its accuracy has not been verified.
• C) is mathematical in nature while information is verbal in nature.
• D) are raw, unanalyzed facts and figures while information is data that has been processed and summarized so that is can be used by decision makers.

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Definitions:

Operating Activities

The primary revenue-generating activities of a business, including the production, sales, and delivery of the company's products and services.

Investing Activities

Part of a company's cash flow statement that shows the cash spent on investments in capital assets and any cash received from the sale of those assets.

Equipment Account

A ledger account that tracks the purchase price, depreciation, and disposal of tangible assets such as machinery and equipment used in business operations.

Operating Activity

Business functions related to producing goods or services, which are reflected in the company's cash flow from operations.