A(n) ______ System Is a Set of Hardware, Software, Data

question 61

Multiple Choice

A(n) ______ system is a set of hardware, software, data, people, and procedures that work together.

• A) information
• B) communications
• C) business
• D) proficiency

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Definitions:

Financial Statement

A written record that conveys the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.

Account Category

A classification for accounting entries that helps organize financial transaction records, such as assets, liabilities, or expenses.

Income Statement

A financial statement showing a company's revenues, expenses, and profits over a specified period.

Balance Sheet

A summary that encapsulates a business's liabilities, assets, and shareholders' equity at a distinct date.