In the Context of the Major Components of an Information

question 4

Multiple Choice

In the context of the major components of an information system, which is a difference between information and data?

• A)Unlike data, information is considered the input to an information system.
• B)Unlike data, information can be collected in aggregated and disaggregated forms.
• C)Unlike data, information by itself is difficult to use for making decisions.
• D)Unlike data, information consists of facts that have been analyzed by the process component.

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Definitions:

Journal Entry

A record in accounting that represents a transaction where there is at least one debit and one credit in the company's accounts.

Cash Over And Short

An account used to document discrepancies between physical cash counts and the accounting records, due to errors or theft.

Petty Cash Fund

A small amount of cash kept on hand for making immediate, minor expenses in a business.

Custodian

An entity or individual responsible for safeguarding and managing assets or securities, ensuring their safekeeping and proper administration.