Identify the Difference Between Data and Information from the Following

question 2

Multiple Choice

Identify the difference between data and information from the following options.

• A)Data is the outcome derived after processing information, while information is only the input given to a system.
• B)Data is easily understood, while information is difficult to understand.
• C)Data is an unorganized set of facts, while information is processed data.
• D)Data is generated to answer a question, while information is a raw fact.

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Definitions:

Total Assets

The sum of all assets owned by a company, including current and non-current assets, as recorded in the balance sheet.

Ratio

A quantitative relationship between two numbers, showing how many times the first number contains the second or vice versa.

Direct Method

An accounting method used in cash flow statements that lists major cash inflows and outflows directly, without adjustments.

Cash Inflow

refers to the movement of money into a business, often from operations, financing, or investing activities, contributing to the company's cash balance.