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Information Technology (IT)can Be Defined Technically as a Set of Interrelated

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Information technology (IT)can be defined technically as a set of interrelated components that collect,process,store,and distribute information to support decision making and control in an organization.


Definitions:

Net Sales

The revenue from sales after subtracting returns, allowances for damaged or missing goods, and discounts.

Decision Makers

Individuals or groups responsible for making choices and forming strategies within an organization.

Financial Statements

Summaries that detail a company's financial operations and status, incorporating the balance sheet, income statement, and statement of cash flows.

Net Sales

The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts.

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