A(n)________ Consists of Hardware, Software, Data, Procedures, and People That

question 18

Multiple Choice

A(n) ________ consists of hardware, software, data, procedures, and people that interact together to produce information.

• A) function
• B) end-user
• C) repository
• D) information system

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Definitions:

Intragroup Advance

A loan or prepayment made between companies within the same corporate group, often for managing liquidity or financing purposes.

Consolidation Adjustment

Adjustments made to a parent company's financial statements to remove the effects of intercompany transactions when consolidating its subsidiaries' financial statements.

Depreciation Expense

The allocated portion of the cost of a tangible fixed asset that is charged as an expense in a reporting period, reflecting the usage and wear and tear of the asset.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been expensed to depreciation over the asset's useful life, reflecting how much of the asset's value has been used up.