The Key Distinction Between Data and Information Is That Data

question 76

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.
• 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:

Priority

The status of being regarded or treated as more important than other matters.

Purchase Money Security Interest

A security interest that is (1) taken or retained by the seller of collateral to secure all or part of its purchase price or (2) taken by a debtor to acquire rights in or the use of the collateral if the value is so used.

Inventory Collateral

Assets from a company's inventory that are pledged to secure a loan.

Notification

The act of formally or officially informing someone about a fact, condition, or event.