In the Context of the Major Components of an Information

question 73

Multiple Choice

In the context of the major components of an information system, which of the following is a difference between information and data?

• A) Unlike data, information is considered the input to an information system.
• B) Unlike data, information can be collected in aggregated and disaggregated forms.
• C) Unlike data, information by itself is difficult to use for making decisions.
• D) Unlike data, information consists of facts that have been analyzed by the process component.

---

Definitions:

Accounts Receivable Turnover

A financial metric indicating how many times a company collects its average accounts receivable balance in a year.

Cash Cycle

The duration of time it takes for a company to convert its investments in inventory back into cash through sales.

Cash Cycle

The period between the outlay of cash for goods/services and the return of cash through customer payments, reflecting the liquidity and efficiency of a company.

Accounts Payable Period

The average time it takes for a business to pay off its suppliers after receiving inventory or services.