Information Systems Must Be Both ________ and ________ to Help

question 22

Short Answer

Information systems must be both ________ and ________ to help businesses reach their goals and objectives.

---

Definitions:

Compound Interest

Interest earned on the base principal and on the interest accumulated during previous periods for both deposits and loans.

Simple Interest

Interest calculated only on the principal amount, or the initial amount of money borrowed or invested, not on the interest accumulated over time.

Basic Interest Rate

The fundamental rate charged on loans or earned on deposits, before any adjustments for additional factors or fees.

Discounted Value

The present value of a future amount of money or stream of cash flows after being discounted by a specific rate.