The Collection of Facts Related to an Action, Idea, Object

question 44

Multiple Choice

The collection of facts related to an action, idea, object, person, or situation is called:

• A) awareness.
• B) knowledge.
• C) comprehension.
• D) information.

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Definitions:

Previous Balance

The amount of money that was in an account or owed at the end of the last billing cycle.

Cycle Closing

The process of finalizing all transactions at the end of an accounting period to prepare for financial reporting.

Finance Charge

The total cost, including interest and other fees, associated with borrowing money or extending credit.

Previous Balance

The amount of money owed or available in an account before the latest transactions.