Information Technology Focuses on the Hardware, Software, and ________ Components

question 107

Multiple Choice

Information technology focuses on the hardware, software, and ________ components of an information system.

• A) data
• B) security
• C) procedures
• D) software
• E) people

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Definitions:

Credit Sales

Sales made by a business where the payment is deferred to a later date, often involving credit terms.

COGS

Stands for Cost of Goods Sold and refers to the direct costs attributable to the production of the goods sold by a company.

Payables Turnover Rate

A liquidity metric that measures how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Accounts Payable Balance

The amount of money a company owes to its suppliers or creditors for goods and services purchased on credit.