Which of the Following Best Explains the Difference Between Data

question 64

Multiple Choice

Which of the following best explains the difference between data and information?

• A) Information needs to be processed to be useful, but data is useful without being processed.
• B) Data is created from the transformation of information.
• C) Data is more structured and organized than information.
• D) Information is more structured and organized than data.
• E) Data is interpreted information.

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Definitions:

Partnership

A legitimate business setup where two or more individuals collaborate in managing the business and dividing its profits.

LLP

Stands for Limited Liability Partnership, a type of partnership where some or all partners have limited liabilities, blending elements of partnerships and corporations.

Net Income

Profit after deduction of all operational, interest, and tax expenses.

Capital Account Balance

A measure of the financial value of a nation's assets minus liabilities in the capital account, reflecting changes like foreign investment.