Information System Refers to the Products, Methods, Inventions, and Standards

question 69

True/False

Information system refers to the products, methods, inventions, and standards that are used for the purpose of producing information.

---

Definitions:

Account Receivable

Funds that are yet to be received from customers to whom goods or services have been sold on credit.

Formal Credit Instrument

A legal document that represents an agreement to extend credit, specifying the terms under which credit is provided and must be repaid.

Maturity Date

The specified date on which the principal amount of a financial instrument is due to be paid in full.

Note's Issue Date

The date on which a promissory note or bond is issued, marking the beginning of the obligation.