At the Most Basic Level, Information Flows Record and Retrieve

question 64

Multiple Choice

At the most basic level, information flows record and retrieve critical data, then execute and control physical and monetary flows, and are referred to as _____.

• A)Internet-based information technology
• B)EDI
• C)strategic decision making
• D)DSSs
• E)transaction processing

---

Definitions:

Depreciation Expense

Assigning the cost of a material asset over the duration of its usability.

Operating Activity

Activities that constitute the core business functions, generating revenue and incurring expenses through day-to-day operations.

Accounts Receivable

The total finances that are due to a company from its customers for goods or services that have already been delivered or utilized, but payment has not been received.

Accounts Receivable Turnover

A financial ratio indicating how efficiently a company collects cash from credit sales by measuring the number of times receivables are collected over a period.