All of the Following Except Which Are Functions of a Management

question 193

Multiple Choice

All of the following except which are functions of a management information system?

• A) collecting data
• B) printing data
• C) processing stored data into information
• D) storing and updating data
• E) presenting information to users

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Definitions:

Gift Tax

A tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of the asset in the marketplace.

Gain

The financial benefit obtained when the selling price of an asset exceeds its purchase price.

Assumes Liability

Taking on the legal responsibility for a debt or obligation.