Which of the Following Conveys Meaning and Is Useful to Users

question 186

Multiple Choice

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

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

Recognize the importance of the span of control and how it affects managerial effectiveness.

Identify the advantages of delegating authority and empowering employees.

Discern the steps involved in the delegation process and the role of authority and responsibility.

Understand the difference between centralized and decentralized authority and their impact on organizational structure.

---

Definitions:

Unearned Rent

Income received from property rentals before the rental period has occurred, considered a liability until the period covers it.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and errors to prepare for financial statement generation.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.

Service Revenue

Income earned by a company for the services it has provided to its customers.