Despite the Growth of Social Data,images and Web Documents,modern IT

question 93

True/False

Despite the growth of social data,images and web documents,modern IT professionals must continue to place primary emphasis on management of structured,high quality data.

---

Definitions:

Net Income

The total profit or loss of a company after all revenues, expenses, taxes, and costs have been subtracted, reflecting the financial performance over a specific period.

Dual Effects Concept

An accounting principle that recognizes each transaction as having at least two effects on the accounting equation.

Income Statement

A financial statement that reports a company's revenues, expenses, and profits over a specific period.

Accounting Equation

An equation representing the relationship between a company's assets, liabilities, and equity; Assets = Liabilities + Equity.