Which of the Following Components in the Five-Component Model of Information

question 4

Multiple Choice

Which of the following components in the five-component model of information systems is considered an actor?

• A) software
• B) hardware
• C) data
• D) procedure

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Definitions:

Variable Expenses

Expenses that change in proportion with a company's activity level, such as materials and labor directly involved in production.

Traceable Fixed Expenses

Fixed costs that can be directly associated with a specific business segment or project.

Variable Costing

An accounting method that only considers variable costs for product costing and decision-making, excluding fixed costs from the calculations of net profit.

Cost-Volume-Profit Analysis

A financial analysis used to determine the effect of changes in volumes and costs on a company's profits.