Which of the Following Conveys Meaning and Is Useful to People

question 98

Multiple Choice

Which of the following conveys meaning and is useful to people?

• A) Data
• B) Information
• C) Input
• D) Output

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Operating Activities

Activities directly related to the daily business operations, including cash generated from the core business as well as cash used.

Sale Of Equipment

A transaction where a business disposes of equipment assets, which may result in a gain or loss reflected in the financial statements.

Operating Activities

Operating activities involve the primary activities that a business engages in to generate earnings, including production, sales, and delivery of its goods or services.