According to the Five-Component Model of Information Systems, the ________

question 117

Multiple Choice

According to the five-component model of information systems, the ________ component functions as instructions for the people who use information systems.

• A)software
• B)data
• C)hardware
• D)procedure

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Definitions:

Return On Assets Ratio

A financial metric that measures the profitability of a company relative to its total assets, indicating how efficiently a company uses its assets to generate profits.

Receivables Turnover Ratio

A financial metric used to measure how efficiently a company collects cash from its credit sales by dividing net credit sales by average accounts receivable.

Credit Sales

Sales made by a business that allow the buyer to pay at a later date, typically recorded as accounts receivable.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.